Tuesday, March 12, 2013

Inflation continues to slow down in recession-hit Italy

Italy's inflation continued to slow down in February amid the deepest recession since 1992, data from the national statistics agency Istat showed on Tuesday.tyre equipments 

According to Istat,Vintage tubs in February 2013, Italian consumer price index for the whole nation increased by 0.1 percent compared with the previous month and by 1.9 percent year on year, marking a record low since December 2010. 

Istat explained that the slowdown was partly driven by a decline of the annual growth rate in priAll you need to do is to simply search the prepreg corresponding to a model number. You would be able to see all the available options that you have.ces of food and non-alcoholic beverages - from 3.1 percent in January to 2.4 percent in February.Antique bath fixtures 

Communication prices also contributed a downward impact. The price of wireless telephone services declined evidently by 7 percent compared with the previous month and 7.Auto Accessories wholesalers9 percent with respect to a year earlier. 

Fitch rating agency cut Italy's credit rating last Friday with a negative outlook due to the "inconclusive result" of last month's national election. Other downgrades are expected in coming weeks, given that there is still no sign that the gridlock will be resolved in a short time.

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