Preliminary consumer prices in Italy are flat in April

The Italian statistical office Istat released its preliminary consumer price inflation data for Italy on Friday. Preliminary consumer prices in Italy were flat in April, after a 0.2% rise in March.

The monthly rises of prices of non-regulated energy products, services related to recreation, including repair and personal care and of services related to transport offset declines of prices of regulated energy products.

On a yearly basis, consumer prices fell 0.4% in April, after a 0.2% decrease in March.

The decline was driven by lower prices for regulated energy products, which slid 4.7% year-on-year in April.

Prices for goods declined 1.0% year-on-year in April, while services prices rose 0.4%.

Consumer price inflation excluding unprocessed food and energy prices fell to 0.5% year-on-year in April from 0.6% in March.

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