Wednesday, January 4, 2017

Inflation, Istat: “In 2016, prices decreased 0.1% for the first time since 1959″. Consumers: “recessionary Effects” – Il fatto Quotidiano

In 2016 prices, in Italy, have recorded on average a decline 0.1%: had not happened since 1959, when the decline was equal to -0,4%. Communicates that theIstat, pointing out that the"core inflation, calculated net of food fresh and energy products, however, still remains in positive territory (+0.5%), and even slowing the growth compared to +0.7% in 2015. In December, however, the rate of inflation has jumped, with prices that, according to preliminary figures, have grown by 0.5% with respect to December 2015, the largest increase in two and a half years starting in may 2014. Compare d to November 2016, the price index has grown instead of 0.4%. The recovery is mainly due to the acceleration of the growth of prices of services related to transport (+2,6% +0,9% in November), the energy non-regulated (+2,4% +0,3% in November) and food not worked (+1.8%, the was +0.2% the previous month).

associations of consumer do not exult, for the fall in prices recorded in the year that has just ended. The New on the one hand underlines that deflation brings Italy back 60 years, leading to recessionary effects for the whole economy of the country" and "is the result of the collapse record consumption" that "in the last 8 years have been a decline of 80 billion euros," the other pointed the finger against the increases in the prices of December. "The leap in prices in the last month of the year is to be attributed solely to the high price of gasoline, with distributors of fuel, which were strongly posted lists, resulting in increases in all sectors", he wrote in a note to the president Carlo Rienzi. the Federconsumatori and Adusbef in a joint statement they say, in their turn, "worried about the first signs that come to us about significant increases in the prices of fuels, highways, electricity and gas". According to the two associations, "the government must put in place capillaries, controls to prevent cause intolerable mechanisms speculative at the expense of the citizens."

According to Massimiliano Dona, president ofthe National Union of Consumers, "the fact that Italy is in deflation and that this had not happened for over half a century, that is, from 1959, shows that despite the recession is technically over, the Country is still in full the crisis and the question is hard to start again". "We are concerned, in the perspective – continued Dona – the monthly increase of the energy goods non-regulated (+1,1%), due not to a recovery of domestic demand. In just one month, there were increases in the prices of all fuels, from diesel fuel for transport (+1,5%) and petrol (+1,0%). Also heating oil rose 1.8%. If you add to this that the Istat has not yet incorporated the sting of January of +0.9% for the electricity bill and by 4.7% for gas, with an increase of annual expenditure, family type, 52,50 euro, 4.5 euro for the light, and 48 euros for the gas, here the picture becomes alarming." � �For this, the government Gentiloni should intervene at least on the taxes on gas, that is the 38,18% and put hand to the system costs, on electricity, that is at 20,36%", hopes the president of Unc.

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