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Italian inflation accelerates on energy and fresh food prices

Original: Consumer price index accelerates driven by energy goods and fresh food. Between historical memory and daily worries, Ist

Italy's consumer price index is picking up speed, driven mainly by energy goods and fresh food, according to national statistics agency Istat. Alongside the rise in prices, Istat records a sharp drop in confidence among both households and firms, with consumers caught between historical memories of inflation and day-to-day worries about the cost of living.

Why now: Rising Italian inflation combined with falling consumer and business confidence is raising concern about the cost of living.

IstatItaly

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Evidence

• Consumer price index accelerates driven by energy goods and fresh food. Between historical memory and daily worries, Istat records a sharp drop in confidence among households and firms. · euronews

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