In March 2011, Italy’s national consumer price index (NIC) increased by 0.4% month-on-month and 2.5% year-on-year, compared to 2.4% in February 2011. The IPCA, harmonized index, rose 2.2% monthly and 2.8% annually. Inflation excluding energy and fresh food stabilized at 1.7%, while excluding only energy, it reached 1.9%. Price growth for goods accelerated to 2.8% (from 2.6%) and services to 2.0% (from 1.9%). Energy and food price tensions drove the increase, supported by transport and recreation service price rises. Frequent consumer purchases rose 0.5% monthly and 3.2% yearly. The FOI index, for blue-collar and white-collar families, increased 0.4% monthly and 2.5% yearly. Seasonal adjustments contributed to the monthly IPCA surge.
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