Italy pulled out of deflation, Istat estimates show-update2

Prices for consumer trolley up by 0.8%

(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.
    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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