Italian Inflation Falls To 50-year Low In July

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Italian inflation decreased to a fifty-year low of 0% in July from 0.5% in May, indicating that the rate may move to a negative territory in the coming months, preliminary data from the Istat showed Friday. Economists had forecast the consumer price index or CPI including tobacco to grow 0.1%.

The CPI was flat on a monthly basis in July, while it grew 0.1% in June.

The harmonized index of consumer prices or HICP fell 0.1% year-on-year in July and dropped 1.2% on a monthly basis.

Italian inflation decreased to a fifty-year low of 0% in July from 0.5% in May, indicating that the rate may move to a negative territory in the coming months, preliminary data from the Istat showed Friday. (Market News Provided by RTTNews)