Italy’s annual rate of consumer price inflation fell to 1.1 per cent in June, down from 1.2 per cent the month before and lower than analysts’ expectations of a rise to 1.8 per cent.
Compared to the month before, the consumer price index (CPI) was flat, down from a 0.3 per cent rise in May but higher than predictions of a 0.4 per cent fall.
Harmonised across EU member states, CPI was up 1.2 per cent year-on-year, against a 1.4 per cent rise the month before and expectations of a 1.5 per cent rise. Monthly harmonised CPI was fell 1.8 per cent from a 0.3 per cent rise the month before (1.5 per cent fall expected).
Earlier today, it was revealed that unemployment in Italy fell slightly.