Current:Home > StocksItaly’s leader signs deal with industry to lower prices of essentials like food for 3 months -AssetTrainer
Italy’s leader signs deal with industry to lower prices of essentials like food for 3 months
View
Date:2025-04-25 07:40:29
MILAN (AP) — Italian Premier Giorgia Meloni launched a pact Thursday with Italian industry aimed at keeping prices down on a range of essential goods, including food, personal care and baby items, which consumer advocates said could mean billions in savings for families.
The experimental program runs from Oct. 1 to Dec. 31 and involves 32 associations that have agreed to discount or maintain a ceiling on the prices of particular items during the three-month period.
“I think this is the first time that the entire Italian system, from food production to general consumer products, signed a pact with the government to keep prices in the shopping cart under control, to help families, especially those in difficulty,” Meloni said.
The Assountenti consumer group praised the project, calculating potential savings at 4 billion euros ($4.22 billion), but said there were many unknowns, including exactly which products are included.
The industry players include supermarket chains, small retailers as well as food and drug producers. Participating stores are expected to signal their participation with stickers in the green, red and white colors of the Italian flag.
Inflation is a challenge for Italy’s government, even if it has fallen from peaks following Russia’s invasion of Ukraine. Italy’s economic development minister, Adolfo Urso, said the country’s inflation has dropped below the European Union’s average, from 11.7% when Meloni took office last October to 5.4% in September.
The EU’s statistics office will release new inflation figures Friday. Consumer prices in August rose 5.9% in the 27-nation EU from a year earlier and 5.2% in the 20 countries using the euro currency. That’s down from the eurozone’s record-high 10.6% in October 2022.
veryGood! (66754)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- 3 Sumatran tiger cubs have been born at a zoo in Nashville
- Abercrombie & Fitch, former CEO Mike Jeffries accused of running trafficking operation
- 6 people were killed and 40 injured when two trains collided in southern India
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Erdogan opts for a low-key celebration of Turkey’s 100th anniversary as a secular republic
- Russia says it shot down 36 Ukrainian drones as fighting grinds on in Ukraine’s east
- Indonesian troops recover bodies of 6 workers missing after attack by Papua separatists
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Israel is reassessing diplomatic relations with Turkey due to leader’s ‘increasingly harsh’ remarks
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Diamondbacks square World Series vs. Rangers behind Merrill Kelly's gem
- Trump and 3 of his adult children will soon testify in fraud trial, New York attorney general says
- Colombian police continue search for father of Liverpool striker Díaz
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- African tortoise reunites with its owner after being missing for 3 years in Florida
- In Mississippi, most voters will have no choice about who represents them in the Legislature
- Trump and 3 of his adult children will soon testify in fraud trial, New York attorney general says
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Keep trick-or-treating accessible for all: a few simple tips for an inclusive Halloween
It's been one year since Elon Musk bought Twitter. Now called X, the service has lost advertisers and users.
King Charles III seeks to look ahead in a visit to Kenya. But he’ll have history to contend with
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Indianapolis police say 1 dead, 9 others injured in overnight shooting at Halloween party
Police were alerted just last month about Maine shooter’s threats. ‘We couldn’t locate him.’
MLB to vote on Oakland A's relocation to Las Vegas next month