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Italian Annual Inflation Rate Declines to 2.9% in July, Final Data Shows

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Italy's annual inflation rate edged down to 2.9% in July from 3% in June, final data from statistics agency Istat showed Wednesday.

The latest reading is above the initial estimate of 2.8% for the month.

On a monthly basis, consumer prices ticked up 0.3%, compared with the flash figure of a 0.2% gain and the prior zero growth.

The Italian harmonized inflation rate stood at 2.9% on an annual basis, in line with the preliminary reading and against the previous 3%. Month over month, harmonized consumer prices were 1% lower, confirming the initial estimate after a flat reading previously.

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