Italy's inflation, as measured by the harmonized index of consumer prices, eased to 3.5 percent in May, final report from the statistical office Istat confirmed Wednesday.
The HICP rose 3.5 percent in May, after climbing 3.7 percent in April. The rate is at a three-month low. Month-on-month, the index remained unchanged.
The consumer price index (CPI) rose 3.2 percent year-on-year, following a 3.3 percent gain in April. Month-on-month, the CPI remained unchanged.
Core inflation, which excludes price changes in energy and fresh food, fell to 2.2 percent from 2.3 percent.
All the figures matched preliminary estimates.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.