National statistics bureau
ISTAT on Monday said Italy endured deflation in 2016 for the
first time in 57 years, with the consumer price index falling on
average 0.1% over the year.
"It hasn't happened since 1959 when prices fell by 0.4%", the
statistics agency said, confirming a preliminary estimate
released earlier this month.
ISTAT also confirmed that the inflation rate registered a
yearly rise of 0.5% in December, the highest since May 2014.
The monthly rise was 0.4%, the statistics agency said.
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