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Economic and inflationary pressures in Lombardy

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2026-10-12 07:03 UTC → 2026-10-23 19:13 UTC · added ~~removed~~

Lombardy is experiencing significant economic pressure driven by rising energy costs and inflation. Between March and September 2026, households in the region faced an additional 1.1 billion euros in energy and fuel expenditures, with an average increase of 246 euros per household. This was fueled by a 16.6% rise in gas and electricity costs and a 26.8% increase in fuel prices. While wages in the region grew by 4.5% in 2025, outperforming the national average, long-term inflationary trends have diminished consumer strength. Data covering 2015 to 2025 indicates that while wages rose by 12.2%, inflation reached 21.1%, leading to an average loss of 8.9% in purchasing power. Milano has experienced a purchasing power erosion of nearly 10%, whereas provinces such as Lodi and Cremona have shown greater ~~resilience~~ resilience. In October 2026, the industrial sector signaled deepening distress. Giuseppe Pasini, president of Confindustria Lombardia, warned that rising energy and raw material costs have become “unsustainable” for businesses. He noted that foundational industries—such as chemicals, metallurgy, paper, ceramics, and glass—are under severe pressure, with some steelworks already forced to ~~these inflationary pressures.~~ halt operations for several hours daily. Pasini cautioned that sustained high prices could trigger cost-driven inflation and central bank interest rate hikes, potentially leading to job losses despite currently stable employment levels. He advocated for structural interventions, specifically the acceleration of renewable energy to reduce gas dependency.

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