Italians forced to cut back on food industry report

The cost-of-living crisis is affecting household finances

Soaring inflation is causing Italian households to curb spending on food, according to a report by the General Confederation of Italian Industry (Confindustria).

The report showed household spending on groceries is in "sharp decline." It dropped by 3.7% in 2022, and by 8.7% in the fourth quarter of 2022 when compared with the first q