Consumer prices in Italy fell for the fourth straight month in may, data showed Istat on Tuesday.
Consumer prices fell 0.3 percent year-on-year in may, slightly slower than the decline of 0.5 percent in April. It was the fourth consecutive month of decline in may. Prices were to fall by 0.4 percent.
Harmonized consumer prices also fell 0.3 percent year on year, after decreasing 0.4 percent in April. The annual rate is expected.
On a monthly measurement of consumer prices rose 0.3 percent compared with a fall of 0.1 percent in the previous month.
On a monthly basis, inflation based on harmonized consumer prices rose 0.3 percent, as expected, from 0.2 percent.