Price deflation slowed in Italy
in July, with an annual inflation rate of -0.1%, compared to
-0.4% in June, Istat on Thursday, confirming its preliminary
estimate.
The national statistics agency said that, in
month-on-month terms, its consumer price index rose 0.2% in July
compared to June.
Low or negative inflation is seen as a threat to recovery
prospects.
The Italian economy, which returned to positive growth
in 2015 after years of recession, also endured periods of
deflation both in 2015 and in 2014.
The agency said 16 mayor cities were enduring price
deflation, including Milan, with prices down 0.6%, and Rome,
down 0.2%.
Istat said that its annual trolley index for the prices
of the most frequently bought everyday goods, such as food and
household items, was 0.4% up in July, compared to 0.2% in June.
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