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Italy: Inflation Rises for Seventh Straight Month

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March 3rd, 2010

Italy’s inflation rate rose in February for a seventh consecutive month, Rome-based statistics institute Istat said.

Consumer prices based on European Union measurements gained 1.1 percent from a year earlier and were unchanged from the previous month, Istat said in a preliminary report today.

Based on Italian methodology, prices rose 0.1 percent in the month and 1.2 percent from a year earlier, Istat said. Final figures will be issued March 16.

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