Italian inflation steady at 1.2% in July

Istat revises up its preliminary estimate

Italian inflation steady at 1.2% in July

Rome, August 9 - Italy's annual inflation rate was steady at 1.2% in July, the same as the previous month, Istat said Friday after revising up its preliminary estimate of 1.1%. The national statistics agency added that prices in Italy were 0.1% higher last month than in June. Istat said the prices of basic consumer goods - the things people buy on a regular basis, like groceries and fuel - rose at a rate of 2% in July with respect to the same month in 2012, up from 1.7% in June.

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