Rome

Prices on basic consumer goods in Italy rise 2% in July

Items like food and fuel rise at nearly double inflation rate

Prices on basic consumer goods in Italy rise 2% in July

Rome, July 31 - Prices of basic consumer goods - the things people buy on a regular basis, like groceries and fuel - rose at a rate of 2% in July, up from 1.7% in June, the Italian statistical agency Istat said on Wednesday, meaning people are feeling a stronger pinch on their pocketbooks than overall inflation figures would indicate. The overall inflation rate of was just 1.1% in July. The price hike in core consumer goods price was the highest since March, when overall inflation stood at 1.6%.

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