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Italy Returns to Deflation
Italy Returns to Deflation

Italy Returns to Deflation

Italy Returns to Deflation

Italy’s annual inflation rate was -0.2% in October, Istat said on Monday after revising its preliminary forecast that put deflation at 0.1%, ANSA reported. The national statistics agency said its consumer price index was down in month-on-month terms too, falling by 0.1%. It said the Italian economy returned to deflation in October, after the annual inflation rate registered a 0.1% rise in September. Sluggish growth and rising debts—Italy is the new Sick Man of Europe. But unlike tiny Greece, Italy has the third largest economy in the eurozone and is considered too big to fail.

 

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