The race for inflation does not stop, “in June it accelerated again, rising to a level (8%) not recorded since January 1986, when it was equal to 8.2%.” The update, right after government interventions to curb exorbitant bills, comes from Istat, which released the initial estimates. In May it was 6.8%. The consumer price index rose on a monthly basis by 1.2%.
Inflation, Italians eat worse in order to save. Federdistribuzione: “3% consumption has already been reduced”
by Rosaria Amato
Energy remains the epicenter of the price earthquake. “Inflationary tensions continue to spread from energy goods“, whose growth rate rises from +42.6% in May to +48.7% and in particular in non-regulated energy sources such as fuel (from +32.9% to +39.9%). Regulated energy continues to register very high but stable growth at +64.3% %.
But the extent of out-of-energy inflation is showing more clearly, affecting other product categories. “The acceleration in food prices, both processed and unprocessed, is driving the growth of so-called shopping cart“at + 8.3%, according to Istat’s preliminary statistics. Also in this case the highest increase is in January 1986, when it was + 8.6%. For the prices of food commodities, home care and people making in May, the increase was 6.7%, The prices of processed food commodities increased from +6.6% to +8.2% and those of unprocessed foodstuffs increased from +7,9% to +9.6%.
even on the level Euro-zone The numbers are breaking records: we are talking about 8.6%, in fact, an increase compared to 8.1% in May. Among the major components, energy is expected to register the highest annual rate (41.9%, compared to 39.1% in May), followed by food, alcohol and tobacco (8.9% compared to 7.5% in May), and non-energy industrial goods. (4.3% vs. 4.2% in May) and services (3.4% vs. 3.5% in May). The only decreases in inflation were recorded in Germany (8.2% from 8.7%) and the Netherlands (9.9 from 10.2).
From many places, back in Italy, a cry of alarm is raised. there Confcommercio He points out that “the pressures that were initially concentrated in the energy sector have now spread to other sectors, first and foremost transport and food” and the “strongly inevitable” protective effects on disposable income and the purchasing power of wealth held by households in liquid form, with the consequent negative effects on spending behaviour. FederConsumatory He says that “complicit in the sharp rise in inflation” is “the rise in the cost of food: processed ones rose from +6.6% in May to +8.2%, from +7.9% to +9.6% who did not work. The list of increases is still long, All contribute to setting an increase of +2384 euros per year per family.” The National Consumers Union talks about a “catastrophe”, Assoutenti He defines it as a “disaster for consumers’ pockets”, for Kodakun “A true national emergency will have serious implications for the economy and the economic conditions of families.”