The Italian economy has pulled
itself out of deflation this month with a slight rise of 0.2% in
the consumer price index, national statistics agency Istat said
Friday in releasing preliminary estimates.
The annual measure of prices rose from the -0.1% reported
in April, the fourth consecutive month of negative prices, said
Istat.
Central banks have been raising concerns about deflation,
generally seen as a dangerous sign of economic weakness.
Meanwhile, prices in the so-called consumer trolley of
goods for the average Italian household rose this month by 0.8%
as costs for such goods as food, along with household and
personal care items rose compared with the same time last year,
Istat said.
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