Rome, June 17 : Inflation in Italy has remained above the average for the eurozone for the eighth consecutive month in May, according to data released by the National Statistics Institute (ISTAT).

The last time prices rose at a higher rate in the eurozone than in Italy was in September 2022, when the rates were 9.9 per cent and 8.9 per cent, respectively.

The Central Reserve Bank of Italy predicts a 6.1 per cent inflation for 2023, while the European Central Bank (ECB) expects a 5.4-per cent rate for the eurozone.