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

The drop was mainly driven by a decline in prices of energy products, which fell 2.4% in January.

On a yearly basis, consumer prices climbed 0.3% in January, in line with preliminary reading, after a 0.1% increase in December.

The increase was mainly driven by a softer decline of prices of non-regulated energy products (-5.9% from -8.7% in December 2015) and a rise in prices of services related to transport. Prices of non-regulated energy products slid 5.9% year-on-year in January, while prices of services related to transport increased 0.5%.

Final consumer price inflation excluding unprocessed food and energy prices climbed to 0.8% year-on-year in January from 0.6% in December.