OECD inflation in January down to 5.7%, in Italy it rises to 0.8%. In the G7, inflation fell to 2.9% in January after 3.2% in December.

The largest declines (of one percentage point or more) are reported in the Czech Republic, Slovakia, Hungary, Austria and Iceland. However, the Italian figure remains the lowest of the entire G7 (0.8% in Jan versus 0.6% in Dec)