Inflation in Italy, measured by the harmonized index of consumer prices, rose marginally to 3.7 percent in July from 3.6 percent in June, the statistical office Istat said Tuesday.
Economists had forecast an increase to 3.6 percent. On a monthly basis, HICP decreased 1.6 percent almost in line with forecast for a 1.7 percent fall.
The consumer price index rose 3 percent year-on-year, slower than the 3.3 percent increase in June. This was forecast to rise 3.2 percent.
On a monthly basis, the index remained unchanged compared to expectations for a 0.2 percent rise.
Core inflation, that excludes energy goods and fresh food, remained steady at 2.2 percent on an annual basis.
by RTT Staff Writer
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