Falling prices, deflation increases – ANSA.it

The deflation does not stop, even worse. In September 2014, the price index fell 0.2% compared to the same month of 2013 The notes Istat, stressing that the final figures are worse than the preliminary estimates (-0.1%). On a monthly basis prices fell 0.4%.

The biggest drop in prices on an annual basis (in August was 0.1%) is mainly due – explains the Istat – the accentuation the fall in energy prices not regulated (-2.8%, from -1.2% in August). The worsening of the situation also weighs slowing of the annual growth rates of recreational, cultural and personal care (+0.3% from +0.7% the previous month), became larger with the release of the data Istat definitive. The prices of unprocessed food have fallen less (-0.9%, from -1.8% in August), but could only partially offset the decline in other prices, Istat said. L ‘”core inflation” then drops to 0.4% (from 0.5% the previous month), net of unprocessed food and energy goods, and +0.3% (from +0.4 % in August), net only of energy goods. The monthly decline in the overall index must be – continues the Istat – the first drop in prices for services related to transport (-4.8%) – influenced by seasonal factors – and, to a lesser extent, a decrease in short-term price of non-regulated energy (-0.6%); also contributes the decline in the prices of recreational, cultural and personal care (-0.1%), which are also affected by seasonal factors. The harmonized index of consumer prices (HICP) increased by 1.9% on a monthly basis and decreased by 0.1% on an annual basis (the preliminary estimate was -0.2%), with a decline of one-tenth of percentage point of the decline recorded in August (-0.2%). The national index of consumer prices for the families of workers and employees (FOI), excluding tobacco, decreased 0.4% on a monthly basis and by 0.1% compared to September 2013.

food prices up 0.2% in September
Food prices in September increased by 0.2% on a monthly basis and have a high rate trend null, after three consecutive months of decline (-0.3% in August and 0.6% in July and June). The notes Istat, explaining that the dynamics of food prices must be the performance of unprocessed products which recorded a monthly rise of 0.3% and a “significant reduction of the decline on an annual basis,” passing -0 , 9% from 1.8% the previous month.