Italy Food & Drink Report Q3 2012 - New Market Report Now Available
We forecast private consumption to contract by 1.2% in 2012, having increased by 0.9% in 2011. In March, households paid the increased regional surtax on personal income and, in mid-June, they were set to be hit by a new property tax. A VAT increase is also pencilled in for October, although the government is currently looking at ways to avoid the hike. Inflation has also remained surprisingly elevated in Italy - coming in at 3.7% year-on-year (y-o-y) in April -...
View full press release