Italy says EU has to weigh inflation when assessing budget deviations - Yahoo Finance

ROME, Oct 7 (Reuters) - European Union authorities should take rising inflation into account when ‌assessing government deviation from budget goals, Economy ‌Minister Giancarlo Giorgetti said, arguing that higher prices can significantly ​affect governments' fiscal plans. • Giorgetti said he would raise the issue of greater budget flexibility at this week's meeting of euro zone finance ministers. • "We ‌are not questioning ⁠the budget rules, but we are asking that the rules be adapted ⁠to today's reality," he said. • Italy had agreed its spending targets with Brussels assuming annual inflation ​of 1.8%. • ​However, Italian inflation jumped ​to 4.1% in ‌September from 3.2% the month before.