Italy’s consumer prices declined at a softer pace in October, data from the statistical office Istat showed on Friday.
The consumer price index fell 0.3 percent year-on-year in October, following a 0.6 percent decline in September. Economists had expected a 0.4 percent fall.
The core inflation excluding prices of energy and unprocessed food rose to 0.3 percent in October from 0.1 percent in the preceding month.
On a month-on-month basis, consumer prices rose 0.2 percent in October. Economists had expected a 0.1 percent rise.
The EU measure of harmonized index of consumer prices, or HICP, fell 0.6 percent annually in October, following a 0.1 percent decrease in the prior month. Economists had expected a 0.8 percent fall.
On a monthly basis, HICP rose 0.6 percent in October. Economists had expected a 0.2 percent rise.
For comments and feedback contact: firstname.lastname@example.org
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.