Italy remains in deflation with -0.1 inflation rate - update

Istat says prices fell 0.3% with respect to August

(ANSA) - Rome, September 30 - Recession-hit Italy remained in deflation in September, with an annual inflation rate of -0.1, Istat said Tuesday in its preliminary estimate. The national statistics agency added that prices were down 0.3% this month with respect to August. Inflation was also -0.1% in August, when deflation hit the Italian economy for the first time since September 1959. Italy has slipped into its third recession since the start of the global economic crisis in 2008 and many experts say there is a danger deflation could make recovery even harder.


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