Italy inflation eases as estimated in August

ROME:Consumer price inflation in Italy showed a slight decline as initially estimated in August, dpa reported on Monday, quoting the latest data from the Italian statistical office.Consumer price inflation slowed to 1.1 percent in August from July's 9-month high of 1.3 percent. That was in line with the flash data published on 30th August.Prices for non-regulated energy products declined at a faster pace of 8.6 percent annually in August versus a 6.0 percent fall a month ago. Costs for durable goods were 1.8 percent cheaper, which was also a reason for a slowdown in inflation.Source: Emirates News Agency