August's inflation figures showed a fall for the fourth consecutive month in Italy. National statistics institute ISTAT said consumer prices rose a preliminary 2.8% year-on-year in August, the lowest annual rise since March, and down from July's 2.9%.

Consumer inflation peaked at 3.1% in April but has been falling consistently ever since and analysts expect the trend to continue. The figures provide more ammunition for those that are pushing for the European Central Bank to reduce interest rates in the Euro zone.

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