August 9, 2014 18:14
(AGI) – Rome, August 9 – Meta ‘general inflation recorded in the first half’ of 2014 is due to the rates of public spaces which, in recent months, they have not ceased their bull run. According to the Observatory “Prices and markets” dell’INDIS, Institute Union of specialized distribution services, in June 2014 over the previous year and the total increase ‘was 4%. In affect, however, ‘it is mainly the public rates to local control, increased over the period by 5.9%, while domestically controlled stop at 1.6%, mainly due to the increase in tolls (+4, 5%).
Among the local rates, soar above the increases in municipal solid waste (+ 15.2%), drinking water (+ 6%) and local health services (+ 5.3%) . It then settles down to 4.4% growth in the cost of regional rail transport exceeds 2.5% while the increase in urban transport.
“The competitiveness’ of enterprises, especially in relation to foreign competitors – comments President of Unioncamere, Ferruccio Dardanello – is also in the possibility ‘of at least compete on an equal footing in terms of costs of services needed for production. During the first half’ of 2014, the sector that contributes to greater growth in consumer prices and ‘one of the tariffs, which alone explain more than half’ of general inflation. “
According to the analysis of Unioncamere, the middle months of 2014 returned a further slippage in inflation: out of tow fuel and tariffs energy, which until a goal ’2013 had driven the price increases, the dynamics of consumer prices and’ range just above the null value (0.3% in June, 0.1% according to the advances of the National Institute of Statistics for the month of July).
Good news for families: the consolidation of purchasing power after two years of falling is helping to free up resources for consumption.
Inflation will remain ‘ low even in the second half ‘of 2014 (the year is expected to close on average to 0.4%) and 2015 (in percentage point), but in the present scenario no risk of deflation. According to the survey of Unioncamere, may, however, weigh the spread along the various branches of the recent rise in crude oil prices (over $ 110 per barrel by more ‘than a month) and the transmission to the consumption of the past tightening of taxation indirect taxation, so far remained at the expense of margins for operators. Directions along the same lines have also come from the expectations of the consumers decreases the proportion of households that provides for an increase in prices, indicating that even in the perception of responsible spending is spreading the idea of firm prices or only marginally increasing, but we are a far cry from the expectations recorded in 2009, when inflation was actually brought into correspondence with the null value. Unioncamere notes that despite the favorable conditions and the bonus tax decided by the Government, household consumption have not yet turned. Some glimmer is gathered by the trend of retail sales and the rebound in sales of services, including accommodation and catering, but still not enough to mark a real turnaround.
Purchasing behavior of households remain timid and uncertain: the payment of the first installment of Tasi and Tari (affected families but especially SMEs) nipped in the bud the already ‘small chance’ of recovery. It is also influenced by the climate of trust, the protagonist in recent months of a constant rise.
In the early months of 2014, food inflation for the production sported a rapid slowdown: according to rilevazionioperate at the central d ‘ purchase of the large distribution and retail trade, the Observatory “Prices and markets” of INDIS-Unioncamere documents for the basket of 46 products tracked a new intensification of the path of moderation of inflationary pressure. During the spring months food inflation and the production is’ attested percentage point below the trend growth, values that were missing from the 2010 Even from the food industry, therefore, no hint of tension. A glance at the details of the items, we observe trends in sign and intensity ‘divergent: in the face of sectors that are still the subject of some fervor (beverages, milk and dairy products are characterized by upward adjustments of price lists of more than 2% on average in the last year), we note groupings of products with zero or near-zero changes (derived from cereals and canned goods). In negative territory, finally, come the meat (-0.1% year-on-year), which therefore seem to have finally passed the tensions of the past few months, and oils (-0.5% between May 2013 and May 2014), which have benefited from a progressive normalization of the offer. On the basis of applications for adjustment of the lists that operators of supermarket chains and retail chains have received from the industry, for the months to come promises a new drop in dynamic thanks to the moderation of food commodities, favored by the abundance of crops due to the mild climate, food inflation should be in production below the half a percentage point per year on the eve of the autumn months of growth rates particularly low if compared with that recorded during the last three years. (AGI).
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