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Italian CPI shrinks on monthly basis

Nov. 12, 2013 4:15 AM ETEWI, ITLY, ITLTBy: Yigal Grayeff, SA News Editor
  • Italian CPI -0.2% on month in October vs +0.1% in September and consensus of -0.3%.
  • On year, inflation 0.8% vs 0.9% and 0.7%.
  • The low inflation adds to a similar trend in Germany and helps strengthen the ECB's decision to cut interest rates last week.
  • The FTSE MIB is -0.2%. (PR)
  • ETFs - Stocks: EWI. Bonds: ITLT, ITLY

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