– Inflation is “slight increase” in January 2016 to 0.3% accelerating from 0.1% in December. Istat noted that the national consumer price index decreased by 0.2% from the previous month and increased by 0.3% against January 2015, preliminary data. The annual increase is attributable to the downsizing of the decline in energy prices and increases in transport.
net of unprocessed food and energy prices, Core inflation rose to 0.8% (from + 0.6% in December) and the net only energy goods passes to + 0.8% (from + 0.7% the previous month). The general index monthly decline is mainly attributable to the decrease in energy goods prices (-1.7%), of the recreational, cultural and personal care (-0.5%) and food not worked (- 0.5%); to contain the fall, is the increase in the prices of various services (+ 0.2%), other goods (+ 0.2%) and processed food (+ 0.1%).
The inflation for 2016 is -0.4%. On a trend basis in January, the prices of goods recorded no change (was -0.1% in December), while the growth rate of prices of sale services to + 0.7% (from + 0.3% the previous month) . As a result, compared with December, the inflation differential between goods and services is expanded by three tenths of a percent.
The prices of food products, for the care of the house and of the person decreased by 0.1% over December and increased by 0.4% yoy (from + 0.9% the previous month) . Prices of high-frequency products purchase decreased by 0.3% in quarterly terms, representing an annual increase of 0.2% (the trend change had nothing to December).
Change
the Istat basket for inflation – To represent the new consumption habits of households in 2016 entering the tattoo, vegetable drinks, short pants men , the girl leggings, bulb led, the catch-dust cloths, services integrated TV, Internet and voice and university accommodation. The survey also boasts of used car prices and the electric drill. They come out, however, bunks and sleeping cars. In 2015 the elementary products considered by baskets for the entire resident population (Nic) and for the families of workers and employees (IOF) were 1,457, grouped into 901 products, in turn collected in 400 aggregates.
In 2016, the weighting structure upgrade entailed, unlike last year, an increase, though slight, of the weight of the goods in Nic basket (from 53,55% to 53,72% ), with a simultaneous reduction of the services sector (from 46,45% to 46,28%). This is mainly attributable to the increase in the weight of durable and unprocessed food prices and the decrease in the weight of services related to transport. Considering the expenditure divisions, the most significant increases in weight concern receptive and restaurant services and other goods and services. The most significant declines instead affecting the transport division followed by furniture, equipment and services for the home.
Eighty municipalities under detection – There are 80 provincial capitals this year, as in 2015, contributing to inflation estimated with reference to the full basket. This was reported by Istat, noting that in terms of the provincial population coverage of the survey amounted to 83.5%.
Other 16 municipalities, four more than in 2015, contributing to the estimate of ‘ inflation for a subset of products (local rates, some services and fuel), whose proportion of Nic basket is 8.9%. For these products, the survey coverage, in terms of the provincial population, is 92.4%.
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