Inflation down to 0.6% in Feb - ISTAT (3)

Lowest annual rate since December 2016

(ANSA) - Rome, February 28 - 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.