THE INTERVIEWTinagli: “Building isn’t enough. Short-term lettings? The trigger for speculation”Even before the Spanish scandal broke, the Parliament’s Special Committee on Housing, chaired by the Democratic Party MEP, had already addressed the severity of the housing crisis and the shortage of homes in Europe: prices have risen by 60 per cent over ten years. Yet the forthcoming EU budget lacks the necessary resourcesbyLuciana Grosso10 OCT 26
In BrusselsThe Eurogroup Pact. Italy’s proposal to secure greater budgetary leeway for emergencies is gaining supportThe Meloni government’s proposal to tackle high energy prices and rising inflation is far from dead and buried, despite opposition from Germany and Belgium. The decisive factor could be the trend in government bond yields over the coming weeksbyDavid Carretta8 OCT 26
The caseMeloni and the ‘over-inflated’. She fears the spread and inflation. Giorgetti: ‘I won’t print money’. Urso’s humanoidsMeloni and Giorgetti fear the impact of inflation and the spread. The Minister for the Economy: “I expect the EU not to engage in academic discourse.” A cautious line prevails. A brief exchange in the Council of Ministers regarding grandparents: “We’ve grown old too.” Urso is silenced by the Prime Minister on the subject of humanoidsbyCarmelo Caruso3 OCT 26
editorialsInflation and populism: a familiar storyGovernment and opposition propaganda on rising prices in the run-up to the electionbyRedazione1 OCT 26
the dataInflation jumps to 4.2 per cent: prices of food and household goods have almost doubledIn September, inflation rose from 3.3 to 4.2 per cent. Food, household and personal care goods rose from 0.9 to 1.7 per cent, whilst energy and fuel prices also rosebyRedazione30 SEP 26
The analysisLarge companies are driving growth. The Mediobanca studyIn 2025, large and medium-sized Italian companies invested more than in any other year since 2016, but employees have still not recouped the cumulative inflation of recent yearsbyDavide Mattone29 SEP 26
EDITORIALSA price cap is sensible if imposed by the private sector, but not if imposed by the state. The Eni caseThe market price cap is good news. Combating the rise in transport costs – which is then reflected in the prices of goods transported, leading to inflationary effects – is essential to prevent a vicious circle of inflation and stunted growthbyRedazione26 SEP 26
the dataThe OECD raises its forecasts for Italy, but everything depends on the GulfGDP growth of up to 0.9 per cent in 2026, almost double the figure forecast in June. However, inflation is rising and the global economy is slowing down.byRedazione23 SEP 26
THE ANALYSISFiscal drag is back. Inflation is returning and hitting the usual suspects This time, the tax drain amounts to between 2.5 and 5 billion. The risk is that, once again, it will be employees and pensioners who foot the bill, having already been hit by delays in contract renewals and a loss of purchasing powerbyMarco Leonardi e Leonzio Rizzo19 SEP 26
complicated forecastsThe Federal Reserve’s costly gamble on inflationOver the past three years, the US central bank has underestimated the rise in prices. There is an element of bad luck linked to numerous unforeseeable shocks, but also some poorly targeted decisionsbyRiccardo Trezzi11 SEP 26