The Italian statistical office Istat released its preliminary consumer price inflation data for Italy on Tuesday. Preliminary consumer prices in Italy rose 0.3% in May, after a 0.1% decline in April.

The monthly rise was mainly driven by higher prices for tobacco, of non-regulated energy products and unprocessed food.

On a yearly basis, consumer prices fell 0.3% in May, after a 0.5% decrease in April.

The increase was driven by higher prices for tobacco and unprocessed food.

Consumer price inflation excluding unprocessed food and energy prices increased to 0.6% year-on-year in May from 0.5% in April.