June 5, 2023

Hardwood Paroxysm

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The 30 products with the largest increase in April 2022 – Corriere.it

In April, the national consumer price index for the entire Nick community, Total Tobacco, posted a 0.1% month-on-month decrease and an increase 6% YoY (from +6.5% of the previous month); The initial estimate was +6.2%. Core inflation, net energy and fresh food, accelerated from +1.9% to +2.4% and net inflation for energy goods alone from +2.5% to +2.9%. The earned inflation rate for 2022 is equal to + 5.2% for the general index and + 2% for the base component. What all this soon said: Compared to initial predictions, energy and gas increased by less. This is the good news. bad that A number of other goods, ranging from food, have exceeded expectations from high prices.

Numisma’s chief economist, Lucio Boma, talks about two-speed inflation. Because general inflation is declining, but core inflation is growing significantly: from 1.9% to 2.4%. The general decline in inflation is due only to the slowdown in the growth of energy prices, which nevertheless remain at high levels – notes Puma -. These are going to be tough months for consumers as their cart prices go up, but not their wages. Currently, companies cannot add new wage costs to energy and raw materials costs. The economist also points out that citizens’ purchasing power will likely continue to decline for some time, as long as core inflation does not stop, or when companies that have structurally absorbed energy increases are ready to raise workers’ wages.

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