Italy, July to 0.1% inflation, deflation in 10 major cities – Reuters Italy

Italy, July to 0.1% inflation, deflation in 10 major cities – Reuters Italy

ROME (Reuters) – Inflation in Italian July is confirmed at the lowest level since 2009, while in the ten largest Italian cities the specter of deflation is already a reality.

According to final data from Istat, Nic index of consumer prices fell 0.1 % on the month and rose by 0.1% compared to the same period last year. The inflation for 2014 is stable at 0.3%.

But it is the first time since January 2011 – the beginning of the last series – you are the capitals of the region recorded declines trend: Torino (-0.4%), Bari and Florence (-0.3%), Rome and Trieste ( -0.2%), power (-0.1%).

A Genoa and Milan are still the prices compared to July 2013

Looking to municipalities with more than 150,000 inhabitants who are not regional capitals, Livorno are in deflation (-0.7%), Verona (-0.5%), Reggio Emilia and Ravenna (-0.1%).

“ECONOMY AT RISK HEART ATTACK”

“We are in full alert deflation, and the Italian economy is risking a real heart attack, “said in a statement the president of Codacons, Carlo Rienzi, according to which the deflation in ten big cities” is the mirror of disasters faced by the families. “

Coldiretti noted that in the food industry the price of fresh fruit fell by 10.1% and that of vegetables’ 8.8%. Two out of three families, reports the organization of farmers, they cut “the quality or quantity of at least one of the groceries purchased.” Read more …