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31.08.201006:20:00UTC+00Italy Inflation Falls To 1.6%

Italy's consumer price measure of inflation slowed to 1.6% in August from 1.8% in June, statistical office Istat said on Tuesday. Economists had forecast an inflation rate of 1.7%.

Consumer prices rose 0.2% compared to July, in line with forecasts.

At the same time, the harmonized measure of inflation rose 1.8% on a yearly basis and was up 0.2% on a monthly basis.

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