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Inflation Trends in Italy and France: Navigating Rising Energy Costs and Salary Increases

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Explore the latest inflation trends in Italy and France for July 2024, highlighting the impact of rising energy prices and anticipated salary increases that outpace inflation. Discover how these economic factors shape consumer behavior and expectations.


Italy's national consumer price index for July 2024 indicated a monthly increase of 0.5% and an annual rise of 1.3%. The inflation was primarily driven by higher costs in regulated energy products, tobacco, and personal care services. In contrast, the prices of unprocessed foods and various services saw a decline. Core inflation remained stable at 1.9%.

In France, consumer prices also saw a slight uptick of 2.3% in July 2024, influenced by a significant rise in energy prices, particularly gas. This increase was somewhat mitigated by falling prices in services and food. Projections suggest salary increases of around 3.6% for 2025, surpassing inflation rates, despite many organizations offering lower raises than in previous years due to rising costs.

Both countries show a complex inflation landscape, with energy prices playing a pivotal role. While Italy experiences stable core inflation, France anticipates inflation falling below 2% by the end of 2024, driven by energy price stabilization and other economic factors.

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Refs: | Le Parisien | Le Figaro | ANSA |

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