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Italian Annual Inflation Rate Confirmed at 3% in June

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As expected, Italy's annual inflation rate fell to 3% in June from 3.2% in May, final data from statistics agency Istat showed Thursday.

On a monthly basis, consumer prices were flat, matching the flash figure, and against the prior 0.4% increase.

The Italian harmonized inflation rate stood at 3% on an annual basis, compared with the preliminary reading of 3.1% and the previous 3.2%. Month over month, harmonized consumer price growth stalled, against the initial estimate of a 0.1% rise and the 0.3% gain earlier.

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