“The rise in inflation and the slowdown in economic growth due to the current geopolitical scenario is creating a new attitude in the behavior and purchasing habits of Italians”. It detects it the Economic Office of Aipo Verona according to which “it is estimated that each inflation point corresponds to a -40/45% of volumes of product sold".
The latest video on olive oil prices in Italy – punctually taken up by our newspaper as part of the positive collaboration activated with Aipo Verona – emphasizes precisely this: “Considering that according to Ismea calculations, inflation will reach 11% – is remembered – sales drops of 3 to 5% are expected. This also applies to extra virgin olive oil. While still maintaining average regular consumption, there is the perception that a decline is underway. This can be seen from the contraction in the volumes sold by the main production plants. Average prices have been fluctuating for 4 months and the minimum increases are due to the increase in management costs and the loss of money value. The average quotations nationwide are attested to €4,62 kilo".
