(Finance) – In July 2024, theInflation in Italy has seen a marked increasewith the rate which rose to +1.3% from 0.8% in June. The Codacons report a increase in annual spending for Italian families of around 426 euros, and up to 534 euros for those with two children, attributing this increase mainly to costs in the tourism sector, which has seen a significant increase in prices.
Summer holidays are becoming increasingly expensive with holiday packages seeing increases of almost 30%, while staying in villages or campsites costs 8.2% more than the previous year.
Carlo Rienzi, President of Codaconsemphasizes how “this summer everything it will cost more, from transport to accommodation to catering”, confirming the concerns announced by the association.
On the other side, Assoutenti criticizes the deregulation of the energy market, pointing out that the transition to the free market led to an increase in electricity and gas tariffs, significantly influencing inflation. Gabriele Melluso, president of Assoutenti, commented: “The competition promised with the end of the regime of greater protection has not materialized, leading to further pressure on citizens’ pockets.”
THE’National Consumers Union (UNC) also highlighted the most expensive cities in Italy, with Siena in the lead, followed by Bolzano and Rimini, where the cost of living has seen a surge compared to other Italian cities. Massimiliano Donapresident of the UNC, calls the situation a “hot summer on the price front,” with significant increases in tourism and hospitality services pushing the overall inflation index higher.
(Photo: Photo by Mathieu Stern on Unsplash)