Milan – Istat confirmed the weakness of inflation, to support which is acting for the past several months, the ECB: in November, the national index of consumer prices, gross of tobacco , it fell 0.4% from the previous month and rose 0.1% from November 2014, with a reduction of two-tenths of a percentage point from 0.3% recorded in October. This confirms the preliminary estimate.
The Institute detailing the “slowdown in inflation was mainly due to the reduction in the amplitude of the trend growth of recreational, cultural and personal care (+ 0.6% from + 1.4% in October), caused mainly by services Restaurants and hotels (+ 0.9% from + 2.1% the previous month), in addition to the deceleration of price dynamics Food unprocessed (+3 , 2%, from 4.1% in October). These developments are partly offset by the slowdown in the fall in prices of non-regulated Energy (-11.2%, from -12.7% in October). “
The inflation for 2015, namely that it would be without cyclical changes in December, is 0.1%. As for the ‘shopping cart’, that is, the prices of food, care of the house and of the person, the increase was 0.3% on a monthly basis and 1.3% on an annual basis (was + 1.5% in October). Product prices high frequency of purchase did not vary in economic terms, a decrease trend stable at -0.1%. Net of unprocessed food and energy prices, the ‘”core inflation” down to + 0.7% from + 0.8% in October; net only energy goods amounted to + 0.8% (from + 1.0% the previous month).
From the Istat data also shows that eleven of the major Italian cities are in deflation, with annual inflation rates below zero in November. The greater reduction in prices is recorded in Bologna (-0.7%), followed by Padua, Palermo, Catania, Perugia, Cagliari, Bari, Verona, Venice, Modena and Aosta.
The downward monthly to Istat “is mainly attributable to lower prices of recreational, cultural and personal care (-1.6%), due mainly to the Services Restaurants and hotels (-2.2%) and the falling prices of services related to transport (-1.2%); these decreases are partially mitigated by increases in economic Food prices for unprocessed food (+0.7%). “
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