Italy's EU measure of inflation slowed as estimated earlier in January, final data released by statistical office Istat showed Wednesday.
The harmonized index of consumer prices (HICP) increased an unrevised 3.4 percent year-on-year in January, following the previous month's 3.7 percent increase. Food and non-alcoholic beverages prices rose 2.5 percent annually, while clothing and footwear prices moved up 0.6 percent. There was a 7.5 percent year-on-year increase in housing costs and utility prices during the month, and a 7.3 percent rise in transportation costs.
On a monthly basis, the HICP decreased 1.8 percent in January as estimated earlier. In December, prices dropped 1.7 percent month-on-month.
At the same time, the consumer price inflation eased to 3.2 percent in January from 3.3 percent in December, in line with the flash estimates. On a monthly basis, consumer prices rose an unrevised 0.3 percent during the month.
by RTT Staff Writer
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