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Italy confirms first negative inflation since 2016

Monday 15 June 2020 | 13:56 CET | News
Italy posted its first negative inflation figure since October 2016 in May, according to final figures from statistics agency Istat. The reading came in at -0.2 percent on both an annual and monthly basis in May, lower than the flash estimate of -0.1 percent, said Istat, adding that the result is due mainly to plummeting non-regulated energy products (which fell from -7.6% to -12.6% in May), offset by a 1.2 percent monthly rise in unprocessed food prices.

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