Liberalization: Cgia, few benefits for the pockets of consumers – AGI – Agenzia Journalistic Italy

Liberalization: Cgia, few benefits for the pockets of consumers – AGI – Agenzia Journalistic Italy

10:02 February 21, 2015

(AGI) – Rome, February 21 – With the exception of medicines and telephony, in the sectors concerned in the last 20 years by the process of opening to competition the prices and rates have increased faster than inflation: in practice, the aim of favoring final consumers and not ‘been reached. A report him and ‘the Office of studies Cgia.

The situation more ” sensational ‘and’ checked in the insurance on transportation. Since 1994, rates have increased by 189.3%, compared to an increase in inflation of 50.1%. In these twenty years insurance increased 3.8 times more ‘cost of living. Also worrying and ‘the picture that emerged from the analysis of the banking / financial services.
Always 1994-2014, rates increased by 115.6%, while inflation “only” 50.1%. This ‘means that the first increased by 2,3 times more’ than the second. Even air transport were up very substantial increase in prices: between 1997 and 2014, in fact, increased by 71.7%. In the same period, the cost of living and ‘rose by 41.5%. The tolls were affected by liberalization since 1999: in the past 15 years the rates are on average grew by 69.9%, while inflation of 36.5%.

Since 2000, also the rail transport sector and ‘was “open” to private companies. Well, ticket prices have increased on average by 58.3%, compared to an increase in inflation of 33.1%. Postal services have been liberalized since 1999, showed an increase in rates of 40.4%, while the cost of living and ‘rose by 36.5%. Urban transport have known the sector was opened to private companies only in 2009. In just five years the average increase in tickets and ‘was 27.3%, but the dynamics of prices and’ grew by “only” 9% . In practice, the first increased 3 times more ‘of the second. And yet, since 2007, prices rose by 13.6% and electricity bills by 21%. Since 2003, the year that began the liberalization process, the gas industry has undergone a facelift upwards’ in the average price of 43.2%. Only in telephony (-23%) and medicinal products (-12.1%) liberalization have helped to reduce prices / rates, despite rising infla tion. “Given that we are in favor of an economy more ‘open fight corporate annuities and parasitic – says the secretary of Cgia Giuseppe Bortolussi – we can not hide the concern for the outcome that liberalization have had in our country.

In many cases, the sectors affected by this process are passed by a public monopoly that worked and badly in real oligarchies of individuals who have to foot the bill for this to end consumers. “
said that, ‘from Cgia keen to point out that the dynamics of prices in the energy and transport’ was partly conditioned by some specificity ‘of these areas, of which, however,’ not ‘been possible to take into account. “The price increases occurred in the gas sector – concludes Giuseppe Bortolussi – have certainly affected by the cost of raw material, while the electricity and ‘was influenced by oil prices and the increase in the general expenses of the system, in particular for coverage of the incentive schemes for renewables. Urban transport, however, have been increases in the cost of fuel and labor. We should not forget that many price increases have also been affected, and sometimes especially, about by the ta x ” .