Resca “Inflation increase compresses household spending capacities”

ROMA (ITALPRESS) – “The increase in inflation at 5.4% is likely to reopen a phase that we hoped to be left behind and is bad news for families and commerce. If energy and food return to run, the first effect is a compression of household spending capacity. When the weight of bills and shopping cart grows, the resources for discretionary consumption are reduced, with direct repercussions on trade, catering and services. Families are coming back to deal with a occult tax: inflation. If the cost of life grows, the trolleys are empty and the purchases are postponed. Trade is the first to record this change of behavior and we fear that the Christmas period can be penalized by a growing caution of families.” So Mario Resca, president of Confimprese, commenting on Istat data.

-Photo IPA Agency-
(ITALPRESS).

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