Italian February inflation revised from 1.7% to 1.6% - Breaking The News
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Italian February inflation revised from 1.7% to 1.6%

UNSPLASH / EMMA_FABBRI

Italy's annual inflation stood at 1.6% in February, the country's National Statistics Office (INE) said in its final report on Monday. The figure was revised from the preliminary reading of 1.7% and up from January's figure of 1.5%. The monthly rise in the consumer price index (CPI) was unchanged from the preliminary report at 0.2%.

The acceleration was primarily driven by energy prices, with regulated energy products rising 31.4% annually, up from 27.5% while the decline in non-regulated energy slowed from negative 3% to negative 1.9%. Food prices also contributed, with unprocessed food inflation increasing to 2.9% and processed food to 1.9%. On the contrary, services related to transport, communication and recreation slowed.

Core inflation, which excludes energy and unprocessed food, went down to 1.7%. The Harmonized Index of Consumer Prices (HICP) increased by 1.7% annually and by 0.1% monthly.

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