The Italian statistical office Istat released its final consumer price inflation data for Italy on Tuesday. Final consumer prices in Italy fell 0.2% in February, in line with preliminary reading, after a 0.2% decrease in January.

The drop was mainly driven by a decline in prices of energy products, which fell 1.2% in February.

On a yearly basis, consumer prices declined 0.3% in February, in line with preliminary reading, after a 0.3% increase in January.

The declines was mainly driven by a faster decline of prices of non-regulated energy products, and drops in prices of unprocessed food and services related to transport. Prices of non-regulated energy products slid 8.5% year-on-year in February, prices of unprocessed food declined 1.2%, while prices of services related to transport decreased 0.7%.

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