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This article was published on 13 August 2014 at 06:36.
MILAN
The highest rate is just above 1% in Bolzano and Messina. At the other extreme there Livorno from year to year in which the price level fell by 0.7 per cent. In the middle there is an Italy in which for the month of July, the Mayor has confirmed preliminary estimates: inflation of 0.1% year on year (it was 0.3% in June), a decrease of 0, 1% compared to June and with an acquired data for the full year to 0.3 per cent.
share therefore approaches zero, the trend growth rate of the index is the lowest since August 2009 and the rebates end up stealing the show from the price increases, shifting the focus (and concerns) about deflation, that reduction the level of prices which, combined with the decrease in GDP (-0.2% in the second quarter), suggests that behind there is a positive abundance of supply, but rather a worrying lack of demand.
Of course, the problem is not only as evidenced by the attention of the Italian Central Bank Governor Mario Draghi and ready, if necessary, to “unconventional measures” be put in place. For now, in Italy, the month of July has brought a dowry of ten cities in deflation, six regional capitals and four large municipalities with falling prices on a trend basis. In addition to Livorno there are Turin (-0.4%); Florence (-0.3%); Bari (-0.3%); Rome (-0.2%); Trieste (-0.1%); Power (-0.1%); Verona (-0.5%); Ravenna (-0.1%) and Reggio Emilia (-0.1%). Milan and Genoa are not gone beyond a change of zero.
The alarm level is inevitably going up as the awareness of the urgency to put in place measures to boost consumption. “In the financial capital of Rome – said the Councillor for Commerce, Marta Leonori – we expected some tax measures for the most vulnerable. We now aim to work together with neighborhood stores and local markets to build baskets with food popular at controlled prices. It is an experiment already done years ago. If there is availability of operators and businesses you can start as early as late fall. ” Even at the Turin Municipality says willing to intervene. “The problem – said the Councillor for Commerce, Dominic Mangone – obviously goes beyond the municipal boundaries. Anyway, we would like to change the times of opening and closing of the local markets, stretching them until at least 17 Let us not forget also the thrust that can be cultural offerings and tourist area which Turin is pointing with great force after the 2006 Olympics » .
Meanwhile, the Institute of Statistics has certified an annualized inflation in Italy under the 1% threshold for almost a year. To find a stage so long “zero point” you have to go back half a century, 1958-59. Then war economic miracle and prices due to competitive pressures were the causes. Today the index is focused on the economy that does not pull, with families who do not consume and do not buy the one hand, and companies that do not sell and forced to lower prices on the other, triggering a vicious circle very dangerous. “It’s a very serious situation that we denounce some time,” they said in a joint statement Consumers Association and ADUSBEF asking “urgent action” as “the extension of the range of beneficiaries of the bonus of 80 €” but, judging from Istat seems to have not so far led to the desired results.
Returning to the data, Istat has announced that the main accused of the slowdown in inflation are the prices of regulated energy prices. He then enlarged the gap between the prices of those goods and services. I first fell 0.6% (-0.3% in June), while for the services there was an increase of 0.7% (+ 0.8% in June). The prices of food, for the care of the house and of the person decreased by 0.7% on a monthly basis and 0.6% on an annual basis: the broader downward from August 1997 to the fresh fruit, the decline was of 10.1 per cent.
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