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		</div><p>Italian Premier Giorgia Meloni has launched a pact with the country’s industry aimed at keeping prices down on a range of essential goods, including food, personal care and baby items.</p>
<p>Consumer advocates said it could mean billions in savings for families.</p>
<p>The experimental programme runs from October 1 to December 31 and involves 32 associations that have agreed to discount or maintain a ceiling on the prices of particular items during the three-month period.</p>
<p>“I think this is the first time that the entire Italian system, from food production to general consumer products, signed a pact with the government to keep prices in the shopping cart under control, to help families, especially those in difficulty,” Ms Meloni said.</p>
<p>The Assountenti consumer group praised the project, calculating potential savings at four billion euros (£3.46 billion) but said there are many unknowns, including exactly which products are included.</p>
<p>The industry players include supermarket chains, small retailers as well as food and medicine producers.</p>
<p>Participating shops are expected to signal their participation with stickers in the green, red and white colours of the Italian flag.</p>
<p>Inflation is a challenge for Italy’s government, even if it has fallen from peaks following Russia’s invasion of Ukraine.</p>
<p>Italy’s economic development minister, Adolfo Urso, said the country’s inflation has dropped below the European Union’s average, from 11.7% when Ms Meloni took office last October to 5.4% in September.</p>
<p>The European Union’s statistics office will release new inflation figures on Friday.</p>
<p>Consumer prices in August rose 5.9% in the 27-nation EU from a year earlier and 5.2% in the 20 countries using the euro currency.</p>
<p>That is down from the eurozone’s record-high 10.6% in October 2022.</p>
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