Inflation fights with competitiveness, but we must invest more – Corriere.it
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But is inflation really falling? Did it peak or not? It also depends on the companies’ ability to react, i.e. on how competitive they are. First of all, because each can transfer the increases in energy and raw materials to consumer prices in a different way, and the effects of these adjustments will be seen later. But also because in Europe inflation is recited as a subject: each country has its own dynamics. Whoever knows how to manage the situation better will be able to keep prices lower and restart purchases.
Price stability
the thesis of Ferruccio de Bortoli who, on theEconomics of the Corriere della Sera on newsstands tomorrow free with the newspaper, analyze phase 2 of the surge in the shopping cart. We must not delude ourselves that inflation is an imported phenomenon, that it does not depend on us – he writes -. The Istat figure for November marks an increase of 11.8% over the year and 0.5% from the previous month. The fact that it is stable is already good news. Internationally for indexes they go down. Decidedly. In the USA in October the thermometer of prices dropped below 8%, in Europe it dropped to 10%, in Spain half of Italy.
And since where less competition and relative transparency create opportunities for adjustments to price lists that are not justified by the trend in costs, we are in a delicate moment. Whoever raises prices indiscriminately damages the market, whoever follows the rules of healthy competition resists and, above all, makes the driving force of the economy resist: the consumer. Therefore, concludes de Bortoli, the level of competitiveness of the industry and the volume of investments will count even more. So that inflation doesn’t become a trap.
industrial policy
it is clear that the effectiveness of government interventions in support of businesses will weigh, as well as the purchasing power of citizens. In essence, industrial policy. That for the executive in office he will have to face another stumbling block, the open matches of the investees in crisis: Ita, the former Ilva and Tim. Plus the Lukoil refinery in Priolo which, shutting down due to the embargo on Russian crude oil, would damage 10,000 families in Sicily. Four hot dossiers, public-private in nature, where the sovereign approach does not necessarily work.
The cover dedicated to Francesca Bellettini, president and CEO of Saint Laurent: she aims at 5 billion in revenues (from the current almost 3), has eliminated sales and next February will open the office in Scandicci with 300 people. Among the characters of the week are Prisca and Massimo Di Martino, daughter and father: with their Abiogen they want to make further purchases in France and Spain, after the last one in Germany. There is Federica Boffa Pio, who has taken over from Pio Cesare and brings Barolo to the Maldives as well. There is Paola Artioli who, with her Asonext, special steels, grows by 30% in one year. And there is Olga Urbani who studies the hydroponic cultivation of truffles with the family group.
In the Savings section you will find the calculations for the balance of the second installment of the Imu, on November 16th.
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