Continue the stroke to the rise in the spread. The yield differential between the Btp and the German Bund has broken through the threshold of 180 basis points, closing at 176 basis points, decided to rise to 171 on Friday. The differential is, however, slowed down after it broke through the 180 basis points. The rate paid by ten-year Italian travels to 2,08% 2,02% on Friday. “Increase the spread? – said the premier Matteo Renzi -. Obviously, if there is uncertainty increases. It is not a threat, it’s a statement of fact”.
Meanwhile,Istat reports in October, the Italy back in deflation with a price decrease of 0.2% on an annual basis. It communicates the Istat has revised the preliminary estimates of a decreasing trend of 0.1%. Also on a monthly basis, there has been a reduction in the national index of consumer prices of 0.1%. The institute of statistics, notes that the data show “again trends deflationary after the recovery (+0.1%) in September”. The trend decline in prices continues to be determined by the energy goods whose loss increases slightly (-3,6% -3,4% in September) due to the effect of a more intense decline in prices of those that are regulated (-6,0%, was 3.8% at September) and a partial return of the contraction of the energy goods non-regulated (by 0.9%, from 2.7% of the previous month). Additional contributions deflationary arise from the developments of other types of products, among which stand out the food is not processed (down 0.4%, from +0.4% in S eptember), and the recreational, cultural, and care of the person; the growth of which is clear from the +0.6% in September. Inflation, net of energy goods slows down significantly, reaching +0.2% (was +0.5% in the previous month). Similarly, net of food products and of energy goods, the”core inflation” drops to 0.2% (from +0.5% in September). Inflation gained for the 2016 amounted to -0,1% (the same value registered in September). The slight decrease on a monthly basis, the overall index is due to the decreases of prices of transport Services (by 1.2%) and recreational, cultural, and personal care (down 0.4%) only partly offset by the increase in the prices of energy Goods non-regulated (+0,9%).
The prices of food goods, for the care of the house and of the person increase of 0.1% on a monthly basis and recorded a decrease of 0.2% on an annual basis, after zero change in September. In particular, a thrust to the downside comes from the prices of the food are not processed in decrease of 0.4% year-on-year. For the set of prices of foodstuffs (including alcoholic beverages), instead, the decreasing trend is 0.2%.
Milan is the first Italian city to deflation in October, with a trend decline in prices, which reaches 1.8%, it detects the Istat, in a context where they see a minus sign in the prices of 14 major centers of the 29 (was four in September). The statistical institute explains that the strong decline of the lombard metropolis is due to the comparison with October 2015 when there had been a “sharp increase in the prices of the hotels in conjunction with the last month of the carrying out of the Expo”. With regard to the drop in prices in the capitals of the regions and autonomous provinces, Milan is followed Power (0.6%) and Turin, Ancona, Rome and Palermo (-0,3% for all four). Genoa emerges the decrease was more contained (by 0.1%). The largest price increases are recorded instead at Naples and Bolzano (+0.5% for both). The increase in the lower in Florence (+0,1%), while in Perugia and Catanzaro, prices are firm on an annual basis. Among the municipalities with more th an 150,000 inhabitants, the capitals of the region, the decrease in prices for wider interests Ravenna or 0.6%, from 0.1% of the previous month), follow Brescia, Modena, Reggio Calabria and Messina (or 0.1% for all three). Among the cities where there are increases in the trend of prices, the increase in Livorno (+0,8%).
No comments:
Post a Comment