Consumer association warns Italian families enduring hardship, inequalities
Max Civili
Press TV, Rome
Consumer Association Federconsumatori has rang the alarm bell over the growing financial difficulties Italian families are faced with. Federconsumatori national observatory has found that one out of four families in Italy is struggling to cope with high inflation and rising cost of living.
This, as the bureau of statistics, Istat, has estimated a timid comeback in consumer confidence in February. According to Federconsumatori, an increasing number of Italians are giving up on food quality to save money.
Prices in Italy rose more than 8 percent year-on-year in 2022, jumping to its highest 12-month gain in nearly 40 years, when the lira currency was in use. According to ISTAT, Italy's annual inflation rate registered a slowdown in January, dropping to 10 percent from 11.6 percent in December. However the situation has turned dire for many in the country.
According to analysts, high energy prices have been the main drivers for the bulk of those increases, pushed higher by the energy supply challenges that followed the Ukraine-Russia war.
The poverty rate in Italian families increased during the 2020-2022 period. In 2021, some two-million families lived in absolute poverty, a figure accounting for over five-and-a-half million people and that it is destined to grow.
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