The Italian statistical office Istat released its preliminary consumer price inflation data for Italy on Monday. Preliminary consumer prices in Italy decreased 0.2% in February, after a 0.2% fall in January.

The monthly decline was driven by falls in almost all types of products.

Prices for non-regulated energy products dropped 2.2% in February, while prices of unprocessed food decreased 0.3%.

On a yearly basis, consumer prices fell 0.3% in February, after a 0.3% increase in January.

Prices for goods slid 0.3% year-on-year in February, while services prices were flat.

Consumer price inflation excluding unprocessed food and energy prices decreased to 0.5% year-on-year in February from 0.8% in January.