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Italy pulled out of deflation in May

Ends four consecutive months of weak price pressures

Redazione Ansa

(ANSA) - Rome, May 29 - 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.
   

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