Italy Inflation Slows

Italy’s inflation slowed as estimated in September, final data from the statistical office Istat showed Friday. Consumer price inflation eased marginally to 1.1% in September from 1.2% in August. The slowdown was mainly due to weaker growth in prices of both services related to transport and regulated energy products, RTTNews reported. On a monthly basis, consumer prices dropped 0.3%, reversing a 0.4% rise a month ago. Both monthly and annual inflation figures matched flash estimate published on September 29. Inflation, based on the harmonized index of consumer prices, came in at 1.3% in September, as estimated, versus 1.4% in previous month. Month-on-month, inflation advanced to 1.8% from 0.1% in August. Monthly inflation also came in line with estimate. The prices of the most frequently bought goods in Italy’s inflation trolley rose an annual 1.1% in September compared to 0.6% in August, largely due to the prices of fresh vegetables.