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.
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I’m from Italy. Official CPI
Does any member here reside on Italy? Inflation likely to ...
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.