Italy's consumer price inflation eased notably at the start of the year, primarily due to a sharp reduction in the prices of regulated energy goods, preliminary data from the statistical office ISTAT showed on Wednesday. Separately, a results of the purchasing managers' survey by S&P Global showed that the Italian manufacturing economy showed signs of stabilization at the start of the year.
Consumer price inflation eased to 10.1 percent in January from a revised 11.6 percent in December. That was also in line with economists' forecasts.
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