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The Italian statistical office Istat released its final consumer price inflation data for Italy on Tuesday. Final consumer prices in Italy decreased 0.1% in July, in line with the preliminary reading, after a 0.2% gain June.
The decline was mainly driven by falls in fresh fruit (-8.1%) and fresh vegetables (-7.2%) prices Fresh fruit prices dropped 8.1% in July, while fresh vegetables prices plunged 7.2%.
On a yearly basis, consumer prices climbed 0.2% in July, in line with the preliminary reading, after a 0.2% increase in June.
The annual inflation was driven by a slower decline in energy prices and an increase in prices of some services.