Italy's inflation eases more than forecast

Inflation in Italy eased on a more-than-expected pace on April missing the economists' forecast, a report released by the statistical office Istat showed on Tuesday. According to the report the inflation measured by the harmonized index of consumer prices added 1.3% year-on-year in April following a 1.8% climb recorded a month before, while month-on-month it gained 0.3% in April.