Monday, November 14, 2016

The stronger the risk of deflation: in October, prices decreased 0.2% – The Sun 24 Hours

The weak recovery, inflation marked in September (+0.1 percent) was only a fire of straw: in the month of October, according to Istat, in fact, a fall in consumer prices of 0.2% on annual basis and 0.1% on a monthly basis. Lower values with respect to those certificates from the same Istat in the preliminary estimates of two weeks ago (respectively by 0.1% and stability).

again the spectre of deflation on the Country, with a trend decline of the prices determined above all by the decline by energy goods, which marked a -3,6% (compared to -3,4% in September) due to a more intense decline in prices of those that are regulated (-6% compared to-3.8% in September) and a partial return of the contraction of the energy goods non-regulated (0,9%, from 2.7% of the previous month).

GENERAL INDEX NIC
October 2015 – October 2016, the percentage change in trend

Further contributions deflationary, explains the national Institute of statistics, arise from the developments of other types of products, including food non-processed (down 0.4%, from +0.4% in September), and the recreational, cultural, and care of the person, the growth of which is clear from the +0.6% in September.



Returns the deflation: -0,1% in October. In a dive the prices of consumer products

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%).

GENERAL INDEX NIC
October 2015 – October 2016, the percentage changes in cyclical



In September, the Naples, the city where prices grow more

The downward trend in prices in the month of October is a little widespread on all the national territory, with the exception of regions such as Valle d’aosta, Trentino Alto Adige, Veneto, Tuscany, Abruzzo and Campania, which marks even a +0.4% compared to October 2015. And Naples is the rest, along with Bolzano, the city in which the inflation has grown the most on an annual basis, with a +0.5% of the price, followed by Cagliari, Trieste and Venice (+0,4%) and Aosta (+0,3%).

For the rest, the big cities in italy are all record values that are equal to zero or deflationary, with a particularly negative to Milan, where prices recorded a decrease of 1.8% compared to the previous year.Among the medium-sized city, you report the data of Livorno, where the inflation rate rises by 0.8%, and in ravenna, where, instead, down 0.6%.

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