Italy Consumer Prices Fall In August

Italy’s consumer prices declined in August, data from the statistical office Istat showed on Monday.

The consumer price index fell 0.5 percent year-on-year in August, following a 0.4 percent decline in July. This was in line with economists’ expectation.

The core inflation excluding prices of energy and unprocessed food eased to 0.3 percent in August from 0.4 percent in the preceding month.

On a month-on-month basis, consumer prices rose 0.3 percent in August.

The EU measure of harmonized index of consumer prices, or HICP, fell 0.5 percent annually in August and declined 1.3 percent from a month ago.

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