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2009.03.0206:06:00UTC+00Italian February Inflation Steady At 1.6%

Italy's consumer price index, or CPI, including tobacco rose 1.6% year-on-year in February, at the same pace recorded in January, a preliminary report from the statistical office ISTAT showed Monday. Economists had expected the CPI to climb 1.5%.

On a monthly basis, the CPI rose 0.2% after recording declines in past three months.

The harmonized index of consumer prices, or HICP, grew 0.2% in February following a 1.7% fall in January. The HICP annual inflation edged up to 1.5% from 1.4%.

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