Istat, in November’s inflation – Milano Finanza

there’s inflation in Italy. In November, the Nic index of consumer prices recorded an increase of 0.1% compared to the same period of the previous year, beating expectations of a decline of the same amount, but showed a decline of 0.1% on a monthly basis against the estimate of the consensus by 0.3%.

According to Istat, the slight pick-up in inflation is mainly due to the trend in the prices of services, among which stand out those in the leisure sector and the cultural increase of 0.8% on an annual basis, but also the services related to transport rose by 1%. Contribute to the positive increase of inflation is the prices of energy goods non-regulated (by the by 0.9% in October to +0,3%) and those of the food is not processed (0.4% +0,2%). Slowing down, however, prices of durable goods +0.6% to +0,2%.

If inflation in November has seen a slight recovery, is the shopping cart, i.e. the prices of the products purchased with greater frequency, to have recorded the biggest increase supported. In fact, increased by 0.4% compared to the previous month, driven by vegetables (+4.9%) and fresh fruit (+2.8 per cent). Compared to October, rose 0.3%, prices on frozen fish, while it is down 0.8% and that of fresh fish. On an annual basis, the shopping cart is also rose 0.6% from 0.2% in October.

the core inflation, calculated net of food products and of energy goods, inflation net of energy goods, rose to +0.4% from +0.2% in October. Not so for the food goods in growth of 0.4% monthly, but in the bending of the -0,1% per annum, and for those with high purchase frequency, rising sharply. Worth mentioning, however, that according to Istat estimates, the inflation gained for this year amounted to -0,2% -0,1% in October, and the estimates today are preliminary since the definitive ones will be used the next 14th of December.

But for the Codacons and the exit from deflation is only an optical illusion. “In reality there has been no recovery in prices, and the positive sign is due solely to the portfolio of services, with transport increased by 1% and leisure services of 0.8%”, has today put in black and white the president of the association of consumers, Carlo Rienzi. “The price crisis is still being felt in Italy, and it is far from being exceeded; a crisis in consumption, stalled and retail sales that do not break down, and casts eerie shadows on the expenses of the families during the holiday season”. For this reason the association has asked the Regions to organize Black Friday american style every Friday of the month from here to Christmas.