ISTAT said Wednesday that Italy was
in deflation for the third consecutive month in July.
The national statistics agency said that Italy's annual
inflation rate was -0.4% last month.
That was even lower than the flash estimate of -0.3% and
compares to an annual inflation rate of -0.2% in June and May.
ISTAT said its consumer price index was down by 0.2% in July in
month-on-month terms.
"The third consecutive month of decrease on annual basis of All
items index was mainly due to the confirmation of the drop (even
if less large) of prices of both Regulated (from -14.1% in June
to -13.6%) and Non-regulated energy products (from -11.2% to
-9.0%) and the widening of the decrease to the slowdown of
prices of Processed food including alcohol (from + 1.2% to +
0.6%) and of Unprocessed food (from +4.1% to +2.5%) and to
prices of Services related to transport (from -0.1% to -0.9%),"
ISTAT said.
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