I’m from Italy. Official CPI rate as of dec 22 is 11,6%, near
the top of nov 22 at 11,8%. The main item was energy with natural
gas and electricity out of control due to silly sanctions against
Russia. Wages are steady at the moment, so no inflationary spiral
in place still. For now the top in inflation may be in, with a mild
winter NG is way down and also elecricity with it lately. The big
driver will be escalation of Ucrain conflict or not. The stronger
Euro is helping.
In dec 22 the prices of unregulated energy (which, while
maintaining sustained growth, pass +69.9% to +63.3%), unprocessed
food (from +11.4 % to +9.5%) and transport-related services (from
+6.8% to +6.0%); on the other hand, support for the inflation trend
derives from the acceleration in the prices of regulated energy
(from +57.9% to +70.2%), processed food (from +14.3% to +14.9% ),
recreational, cultural and personal care services (from +5.5% to
+6.2%) and communications services (from +0.2% to +0.7%).
In December 2022, core inflation (i.e. excluding energy and
fresh food) accelerated from +5.6% to +5.8% and that excluding
energy alone rose from +6.1% to +6.2%
Does any member here reside
Posted by steve on 28th of Jan 2023 at 09:26 am
Does any member here reside on Italy? Inflation likely to ramp higher it appears. Please share such insights
I’m from Italy. Official CPI
Posted by giannig on 28th of Jan 2023 at 05:02 pm
I’m from Italy. Official CPI rate as of dec 22 is 11,6%, near the top of nov 22 at 11,8%. The main item was energy with natural gas and electricity out of control due to silly sanctions against Russia. Wages are steady at the moment, so no inflationary spiral in place still. For now the top in inflation may be in, with a mild winter NG is way down and also elecricity with it lately. The big driver will be escalation of Ucrain conflict or not. The stronger Euro is helping.
My graduate school buddy said
Posted by steve on 28th of Jan 2023 at 09:30 am
My graduate school buddy said the cost of pizza alone has risen 30 percent. Diesel prices surging and that's prior to the embargo.
In dec 22 the prices
Posted by giannig on 28th of Jan 2023 at 05:09 pm
In dec 22 the prices of unregulated energy (which, while maintaining sustained growth, pass +69.9% to +63.3%), unprocessed food (from +11.4 % to +9.5%) and transport-related services (from +6.8% to +6.0%); on the other hand, support for the inflation trend derives from the acceleration in the prices of regulated energy (from +57.9% to +70.2%), processed food (from +14.3% to +14.9% ), recreational, cultural and personal care services (from +5.5% to +6.2%) and communications services (from +0.2% to +0.7%).
In December 2022, core inflation (i.e. excluding energy and fresh food) accelerated from +5.6% to +5.8% and that excluding energy alone rose from +6.1% to +6.2%
Diesel is 2 bucks a
Posted by diabloblanco on 28th of Jan 2023 at 10:24 am
Diesel is 2 bucks a liter in Toronto was as high as 2.45
1 us gallon = 3.78 so 3.78 * 2 7.56 cad a us gallon
or about 5 USD