Italy's annual inflation, measured under the EU methodology, slowed more than economists expected in January, data released by statistical office Istat showed Friday.
The harmonized index of consumer prices (HICP) increased 3.4 percent on an annual basis in January, slower than the 3.6 percent growth economists forecast. In December, the HICP inflation was 3.7 percent.
On a monthly basis, the HICP decreased at a slightly faster rate of 1.8 percent in January than 1.7 percent economists expected. In December, the EU measure of consumer prices edged up 0.3 percent month-on-month.
At the same time, the consumer price inflation slowed to 3.2 percent in January from 3.3 percent in December, as expected. From December, consumer prices moved up 0.3 percent in January, in line with economists' forecast.
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