The Italian statistical office Istat released its final consumer price inflation data for Italy on Tuesday. Final consumer prices in Italy increased 0.3% in May, in line with the preliminary reading, after a 0.1% decrease in April.

The monthly increase was mainly driven by rises in prices of tobacco, of non-regulated energy products and of unprocessed food.

On a yearly basis, consumer prices declined 0.3% in May, in line with preliminary reading, after a 0.5% decline in April.

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

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