The time it takes falling prices from things like energy to filter through to an economy is often difficult to gauge. Italy has seen prices fall but they are creeping back higher as weekly prices rose 6.1% to 57.64 from 54.31
Italian electricity 01 12 2014
In the grand scheme of things we’re not going to start monitoring every little detail of price movements but noting these types of stories now and again gives us a little clue at ground level how much falling prices are impacting an economy.
I’m not sure of their standing now but they were the second highest importers of nat gas behind Germany as well as one of the biggest oil refining countries in Europe. There will be noticeable effects from falling prices seen further out I suspect.
