Rome

Italian inflation drops to lowest level in three years

Rate down to 1.2% from 1.6% in March

Italian inflation drops to lowest level in three years

Rome, April 30 - Italy's inflation rate fell to 1.2% this month, the lowest level since February 2010, Istat said Tuesday. It was the seventh consecutive drop as Italy's longest recession in 20 years continues to keep price increases low. The national statistics agency said the sharp decrease in April with respect to the 1.6% inflation rate of March was caused primarily by falls in energy prices. Istat said its trolley of the most frequently bought products by households was down too, dropping to 1.5% from 2% in March.

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