Inflation in Italy sank to a 40-month low while public debt reached an all-time high, according to official figures released Tuesday on the eve of economic forecasts expected to show the eurozone's third-largest economy was mired in recession. Inflation in April fell year-on-year to 1.1 per cent, the lowest level since December 2009, the national statistics office, Istat, said as Italy's moribund economy keeps prices down. In March, inflation stood at 1.6 per cent. On a monthly basis, prices were stable, the Rome-based agency said, adding that the slowing rate of inflation was "mainly due to the drop in energy prices," which decreased by 0.9 per cent compared with April 2012. Separately, the Bank of Italy calculated that public debt had risen to a record 2.035 trillion euros (2.65 trillion dollars) in March, up from 2.018 trillion euros in February, dpa reported.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor