The Italian statistical office Istat released its final consumer price inflation data for Italy on Friday. Final consumer prices in Italy decreased 0.1% in April, down from the preliminary reading of 0.0%, after a 0.2% increase in March.
The monthly decrease was driven by a drop in prices of non-regulated energy products.
On a yearly basis, consumer prices declined 0.5% in April, down with preliminary reading of -0.4%, after a 0.2% decline in March.
The declines was mainly driven by a faster decline of prices of non-regulated energy products and electricity. Prices of non-regulated energy products slid 6.4% year-on-year in April, while prices for electricity declined 1.9%.
Final consumer price inflation excluding unprocessed food and energy prices fell to 0.5% year-on-year in April from 0.6% in March.