(See related)
The continued drop in inflation
demonstrates how Italians are struggling financially, consumer
group Codacons said Friday.
It was reacting to the latest statistics showing that
inflation in May averaged just 0.5%, slightly lower than April's
rate of 0.6%, suggesting consumers are not spending money.
The figures are "anything but reassuring, because they
confirm that Italians' consumption is in sharp decline," said
Codacons.
Families have no cash left to spend and that is a driving
force in lower prices, said Codacons president Carlo Rienzi.
The only rising prices are for energy, including gasoline
and natural gas, he said.
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