Italy Inflation Rate Remained at Six-Month High in April
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The inflation rate in Italy fell in May as a decline in energy costs left consumer prices unchanged from the previous month.
The inflation rate based on European Union measurements fell to 3.5 percent from 3.7 percent in April when it reached a seven-month high, Rome-based national statistics office Istat said in a preliminary report today. That was less than the median forecast of 3.6 percent by three economists in a Bloomberg News survey. Prices were unchanged from the previous month.