Inflation: Cgia, Italy lower than EU average but high cost of living hits Siena, Brindisi and Venice
In the last seven months the national inflation figure has been well below the 2% threshold and, according to the European Commission, this year it should stand at +1.6%, against the +5.9% recorded in 2023 and +8.7% in 2022.
Furthermore, this year’s figure is significantly lower than the EU average which, instead, should stand at 2.5%.. However, in the last year some Italian provinces have been affected by the dear life, they are Siena, Brindisi and Venice which recorded an increase ininflation of 1.9%. This was revealed by the CGIA Research Office.
Followed by Benevento with +1.8%, Naples with +1.7%, Rimini, Parma and Trieste with +1.6%. They are almost all territorial entities with a great tourist vocation which have undergone significant increases in spending of activities attributable to accommodation, catering and personal services. A sharp increase in costs also affected transport, house and shop rentals and shopping trolleys. They return to the EU situation, among the 27 countries that make it up only Finland (+1.4 percent) is destined to obtain a better result than ours. Not only. If in Germany inflation is set to rise by 2.4%, in France by 2.5% and in Spain by as much as 3.1%.
Inflation down, lighter electricity and gas bills. Holiday packages and olive oil go up
Although inflation growth is slowing, the perception of Italian consumers is that the prices of goods and services are instead rising. In reality, some expenditure items that have a significant impact on the family budget have undergone significant contractions. In the last 12 months, for example, electricity and gas prices have fallen by 29.2% and 21.6% respectively, making our bills much lighter. Airline tickets also recorded a sharp decrease: international ones by 11.8 percent and national ones by 6.9 percent. On the other hand, the price of potatoes (+11.9 percent), holiday packages in our country (+17.2 percent) and olive oil (+44.3 percent) increased in particular. hundred).
“Never before, given that inflation is falling across Europe, is it necessary for Frankfurt to reduce the interest rate” underlines the Cgia Studies Office. “With the upward adjustments that took place between June 2022 and September 2023, the reference price is today at its historical maximum since the single currency was introduced in the EU (4.5 percent), contributing to hindering the use of credit by part of families and, above all, small businesses” concludes the CGIA.
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