After nine months back deflation in Italy in February with “widespread price declines in almost all product types”. Istat noted, in the provisional data, a decrease in consumer prices by 0.3% on an annual basis, the largest in over a year (January 2015), and a 0.2% reduction even on a monthly basis. The previous month there had been a rise in prices by 0.3% on the year and a decline of 0.2% on the month.
The prices of so-called shopping basket of food commodities , for the care of the house and of the person decreased by 0.1% compared to January and by 0.4% year on year (in January was + 0.3%). This was communicated by Istat. This is the first downward trend since December 2014 and the broader from July of the same year. In particular for food products (including alcoholic beverages) prices decreased by 0.1% on a monthly basis and record on a yearly basis, a reversal of the trend (-0.3%, from + 0.4% in January ).
EU-19: Eurozone back into deflation, -0.2% in February – The Eurozone inflation returned to negative territory in February, falling to -0 , 2% compared to 0.3% in January. And ‘the flash estimate of Eurostat. The last minus Eurozone was seen to September 2015 (-0.1%). Looking at the main components, the services have the highest rate (1%, while in January they were 1.2%), followed by food, alcohol and tobacco (0.7% in January were at 1%), industrial products non-energy (0.3%, compared to 0.7% in January) and energy (down 8%, compared to -5.4% in January).
consumers Union, from cart cost savings 54 € – the fall in prices shopping cart, according to the national Union estimates consumers, allowing a couple with two children to save, in terms of lower cost of living, 54 euro on the basis yearly. For a couple with a child the benefit is 50 Euros, for a couple with no children under 35 years will be 40 Euros, for a singlo under 35 years of 29 Euros and a retiree over 65 years of 27 euro. “Italy is back in deflation. This figure shows that the application is not taken off and the crisis is far from over. Other than consumer recovery!” said the secretary of the National Consumers Union, Massimiliano Dona. “The causes of this deflation – he added – that the families still struggling, should worry the Italian government and the European Union, and not just Mario Draghi. There are not enough monetary policies to boost demand, but also fiscal policies worthy of note. “
Confcommercio, to falling prices until the summer -” Without an unlikely and abrupt reversal, hardly will return before next summer to positive rates of change consumer prices on an annual basis and, therefore, have become difficult to assume inflation for 2016 around half a percentage point. ” This is the comment of Confcommercio Studies Office, the latest ISTAT figures. “The return of the change in prices in negative territory – stated in the research department – as expected, has assumed dimensions slightly greater than those assumed. The downward trend in prices, common to all European economies by virtue of sensitive drops recorded by energy raw materials, in Italy was marked by the increase of agricultural products offer “. “It remains moderate – continues Confcommercio – therefore, the risk deflation, as the downward trend in prices has limited reasons, while for the majority of goods and consumer services, from clothing, to furniture, sevices recreation, receptive and catering, prices remain moderate growth (between 0.4 and 1.3%). “
Codacons, bad signal deflation, shock therapy now -” The return to deflation is a bad signal for the country for the national economy “. This was stated Codacons, commenting the ISTAT figures who see in February, a decrease in consumer prices by 0.3% on an annual basis. “A very bad news that deflation because it is the most obvious symptom that something is not working in Italy and that the long-awaited economic recovery sluggish,” says the president Carlo Rienzi who believes “more urgent than ever a shock therapy that pushes the consumption and promote purchases and domestic demand, as well as to call into how the economy and lead to a resumption of retail price lists. “
Confesercenti, by cold shower prices, now cut personal income tax – “the inflation data in February is a cold shower, although not entirely unexpected: as we have repeatedly pointed out, in fact, the last quarter of 2015, the recovery in consumption has begun to slow.” So Confesercenti on the latest ISTAT figures. “The fall in prices in February, then, even if influenced by energy, confirms that the domestic market is still in a difficult phase”, affected the association. “We need a courageous intervention, which gives a bit ‘of oxygen to the families and aid the re-start of the expenditure. The Irpef cutting project, if confirmed, would certainly be the main way to go as soon as possible for report to the availability of income and trust between Italian families “, concludes.
Federdistribuzione, data from -” the February inflation figures are extremely alarming and are the thermometer of a country in which the weakness of domestic demand, in addition to not being able to sustain the recovery, it is not even able to avert the danger deflation. ” This was stated by the president of Federdistribuzione Giovanni Cobolli Gigli. “The families, whose purchasing power is growing, remains a favored savings instead of consumption, despite the purchases are increasingly affordable. A vicious circle is created because people lack security about the future,” according Cobolli Gigli, and that “must be broken.” “The only way – concludes the president of Federdistribuzione – is to give a positive outlook to households and businesses, through the implementation of institutional reforms, fiscal and economic, for example, restoring the true content of the Bill on competition, these days again under discussion in Parliament, thus overcoming the shared feeling that you want to stop the process of liberalization of the economy. “
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