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Italy's inflation rate steady at 0.7%

Prices rise 0.2% in December

03 January, 11:14
Italy's inflation rate steady at 0.7% (ANSA) - Rome, January 3 - Italy's annual inflation rate was steady at 0.7% in December, the lowest since 2009, national statistics agency Istat said in a preliminary estimate Friday.

Prices rose 0.2% last month on November, ending a run of three month-on-month falls.

Italy's long recession has dampened price rises.

A two-year run of negative growth ended in the third quarter of last year, when GDP was flat with respect to the April-June period.