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Italy: inflation eases in April, but the outlook is highly uncertain
According to preliminary estimates, Italian consumer price inflation declined to 6.2% in April, from a downwardly revised 6.5% in March. April’s decline interrupts a nine-month period of consecutive increases. CPI was up by 0.2% mom in April, from a 1.0% mom increase in March. The easing of inflation in April has been primarily driven by lower prices in energy products in both non-regulated and regulated markets. Following the increase in motor-fuel prices in March triggered by the surge in oil prices at the onset of the Russia-Ukraine conflict, a downward correction in April has been prompted by government ... (full story)