Italy's annual inflation rate
dropped further in February, falling to 0.6%, compared to 0.9%
in January, according to a flash estimate released by ISTAT on
Wednesday.
It is the lowest level since December 2016, when the annual
inflation rate was 0.5%.
A 3.2% drop in the price of fresh food products was a big
factor in the fall.
The national statistics agency said that its consumer price
index was up 0.1% in February in month-on-month terms with
respect to January.
Prices of the mostly frequently bought goods in Italy's
inflation 'trolley' fell 0.1% on an annual basis and 0.2% on a
monthly basis in February, ISTAT said Wednesday.
This inverted the January trend, when a 1.2% rise was
registered, the statistics agency said.
The 0.1% annual fall was the lowest since November 2016 when
the same 0.1% drop was registered, ISTAT said.
The 0.2% monthly fall was the lowest since October 2016, the
agency said.
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