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Inflation in Italy stays flat at 0.7%

Rate remains at lowest level in four years

04 February, 11:20
Inflation in Italy stays flat at 0.7% (ANSA) - Rome, February 4 - Italy's annual inflation rate remained flat at 0.7% in January, the same as December and November and the lowest level since November 2009, national statistics agency Istat said in its preliminary estimate Tuesday.

Italy's long recession has dampened price rises.

A two-year run of negative growth ended in the third quarter of last year, when GDP was flat with respect to the April-June period.

Istat said prices were 0.2% higher in January than in December. Istat's index for the 'trolley' of most-frequently bought goods such as food and fuel dropped to 1.1% in January on an annual basis, compared to 1.2% in December.