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Italian monthly inflation declines in February

Italian harmonized consumer prices declined by 0.3% in February month over month, provisional data from the country's National Institute of Statistics showed.

Year over year, prices rose by 0.7%.

Core HICP inflation, which excludes energy and unprocessed food, dropped by 0.2% month over month and increased 0.8% year over year.

Prices of non-energy industrial goods dropped 1.1% month over month and those of food, alcohol and tobacco shed 0.7%, with the services index up 0.4%.