IANS/AKI | 23 Feb, 2012 The Italian inflation jumped as the rising cost of
fuel and housing in January were the main factors that pushed up prices for
consumers in the European Union's fourth-richest country.
Prices rose 3.2 percent in January over the same month last year and 0.3
percent from December, national statistics agency Istat reported.
Italians are facing hard times with their country mired in recession and after
their government passed tax-hikes and other painful economic measures to
balance the budget and reduce 1.9 trillion euros in debt.
The price of housing, gas and power in January jumped 7.4 percent over the same
month in 2011, while it cost Italians 2.4 percent more to fill their shopping
carts with pasta, mozzarella and other food, Istat said.
