Italy inflation up to 1.9% in April - ISTAT

Society
en_dotood@montsame.mn
2017-05-18 16:26:54
(ANSA) - Rome, May 15 - Italy's annual inflation rate rose to 1.9% in April, up from 1.4% in March, according to ISTAT's flash estimate released on Monday. It is necessary to go back to January 2013, when the inflation rate was 2.2%, to find a higher figure. The national statistic agency added that its consumer price index was up 0.4% in month-on-month terms. The inflation leap was due to a 5.4% rise in electrical power prices and natural gas (+5.9%), as well as transport services (+5.5%).

Codacons consumer group said a 1.9% inflation rate would translate into higher spending of 570 euros a year for he average household. The national consumers' union (UNC) put the figure for a family with two children at 772 euros.

Gentiloni calls for Silk Road forum to be permanent
Italian premier among leaders attending 'One Belt, One Road'

© ANSA/EPA

(ANSA) - Beijing, May 15 - Italian Premier Paolo Gentiloni on Monday called for a permanent forum to be set up on the Chinese-led project to create a modern-day Silk Road.
Gentiloni is among around 30 international leaders currently in Beijing to take part in 'One Belt, One Road', a forum China is hosting on the multi-billion euro plan featuring massive infrastructure investment.

Provided by Embassy of Mongolia in Italy