Back deflation, prices fell in February – TGCOM

11:31 – Back to the deflation in Italy in February with “widespread price declines in almost all product types”. It not happened for nine months. Istat noted, in the provisional data, a decrease in consumer prices by 0.3% on an annual basis, the largest in over a year (January 2015), and a 0.2% reduction even on a monthly basis. In previous month there was an increase of 0.3% on the year and a decline of 0.2% on the month.

Shopping cart -0.4% – And, if on average prices fall by 0.2%, decreases even more the shopping cart , which covers the goods food, care of the house and of the person: here we are at -0.1% MoM and -0.4% yoY, after + 0.3% in January. This is the first year fall in December 2014 and the highest share since July of the same year. In particular, for food products, including alcoholic beverages, the index shows a decrease of 0.1% on a monthly basis a turnaround on an annual basis: it goes from + 0.4% in January to the current 0.3%.

also falling prices in Europe – the same trend also in Europe where, according to data released by Eurostat in February the index turned negative with a -0.2% month on month, while annually marks a -0.3%.

Positive ‘s “core inflation” – However, it remains positive, although down from + 0.8% to + 0.5% in January, the “core inflation, net of unprocessed food and energy prices. the components that contribute to a greater extent to determine this framework are not regulated energy goods (which accentuate the downward trend from 5.9% in January to -8.4% in February ), the unprocessed food (-1.2%, from + 0.6% in January) and services related to transport (-0.7%, from + 0.5% the previous month).

the general index monthly decline is due to almost all types of products, but above all to lower prices of non-regulated energy goods (-2.2%). the inflation for 2016 is equal to – 0.6%.

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TAG:

Istat

Deflation