Italy's consumer price inflation moderated slightly in August amid falling energy costs, preliminary data from the statistical office showed on Friday.
Consumer price inflation slowed to 1.6 percent from July's stable rate of 1.7 percent. Meanwhile, economists had expected the inflation to remain stable at 1.7 percent.
The annual price decline in energy prices deepened to 4.4 percent from 3.4 percent. Data showed that prices of unregulated energy products declined 5.9 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.