According to CoinMeta, Italy's Harmonized Consumer Price Index (HICP) in October increased by 5.6% year-on-year, higher than the expected 4.6% and the previous value of 4.2%. It also saw a month-on-month increase of 1.2%, which was higher than the expected 0.4% and the previous value of 2.1%. The HICP excluding tobacco increased by 5.4% year-on-year, exceeding the expected 4.6% and the previous value of 4.2%, with a month-on-month increase of 0.9%, which was higher than the expected 0.1% and the previous value of 0.7%.