Inflation stood at 0.3% in January says Istat (2)

Deflation or flat prices in 10 Italian cities

(ANSA) - Rome, February 22 - Italy's annual inflation rate was 0.3% in January 2016, up from 0.1% in December, statistics bureau Istat said on Monday, confirming its preliminary estimate.
    Ten large Italian cities experienced price deflation or prices hovering at a zero growth rate in January 2016, Istat said. Price growth was at zero in Milan, Florence, Perugia, Palermo, Reggio Calabria and Ravenna. Prices showed deflation in Bari (-0.3%), Potenza (-0.2%), Trieste (-0.2%), and Verona (-0.1%).
    The price growth of the so-called consumer "shopping trolley" of foods, household and personal care items slowed in January 2016, rising just 0.3% compared to 0.9% in December, said statistics bureau Istat on Monday. The shopping trolley inflation rate is usually higher than that of general inflation.


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