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Italy’s Inflation Rate Drops in March in Line With Forecasts

March 29 (Bloomberg) -- Italy’s inflation rate dropped in March, Rome-based national statistics office Istat said in Rome today.

The inflation rate based on European Union measurements dropped to 1.8 percent from 2 percent in the previous month, Istat said in a preliminary report. That was in line with the median forecast by 13 economists in a Bloomberg News survey. March prices rose 2.3 percent from the previous month.

Based on Italian methodology, prices rose 0.3 percent from last month and gained 1.7 percent from a year earlier, Istat said today. Gasoline prices rose 1.3 percent from the previous month and 1.1 percent from a year earlier.

To contact the reporter on this story: Chiara Vasarri in Rome at cvasarri@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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