In July inflation in our country it stood at the Present in several = 0,1%, the lowest level since August 2009. This was announced this morning by Istat, confirming the preliminary estimates and specifying that “the slowdown in inflation is mainly attributable to the widening of the decline on an annual basis in the prices of regulated energy sources. The contribution of other product groupings is marginal”. Inflation acquired for 2014 remains stable at 0,3%.
Ten big cities but they are already in deflation. Prices in July are decreasing on an annual basis in several capitals of the region or autonomous province: Torino (-0,4%), Florence (-0,3%), Bari (-0,3%), Roma (-0,2%), Trieste (-0,1%) And Potenza (-0,1%). Also down to Livorno (-0,7%), Verona (-0,5%), Ravenna (-0,1%) And Reggio Emilia (-0,1%).
As for the so-called "shopping cart“, the index which records the price trend of the most consumed products (food, home and personal care) at a national level, recorded an annual drop of 0,6% in July, the most significant drop since August 1997. On a monthly basis the decline is 0,7%.
THEunderlying inflation, i.e. net of energy goods and unprocessed food (the decline of which stabilizes at -2,9%), it drops to 0,6% (from 0,7% in June); net of energy goods alone, it rose to 0,3% (from +0,5% in the previous month).
The monthly decline in the general index is mainly attributable to declines in the prices of fresh fruit (-9,0%) and gods Fresh vegetables (-3,8%), affected by factors of a seasonal nature and the prices of Regulated energy (-3,1%); containing this drop were the monthly increases in the prices of non-regulated Energy (+0,8%) and Transport-related Services (+1,5%), also affected by seasonal factors.
Compared to July 2013, goods prices decreased by 0,6% (it was -0,3% in June) and the growth rate of services prices slowed down (+0,7%, from +0,8% in the month previous). As a result, the inflation differential between services and goods widened by two tenths of a percentage point compared to June.
The prices of food, home and personal care products decreased by 0,7% on a monthly basis and by 0,6% on an annual basis (from -0,5% in the previous month). The prices of frequently purchased products decreased by 0,3% compared to the previous month and increased by 0,2% compared to July 2013 (from the +0,3% recorded in June).
The harmonized index of consumer prices (Ipca) decreased by 2,1% on a monthly basis - mainly due to the summer sales which the Nic does not take into account and records a zero trend rate (it was +0,2% in June ). Also in this case, the preliminary estimate is confirmed. The national consumer price index for blue-collar and white-collar households (Foi), net of tobacco, decreased by 0,1% on a monthly basis and increased by 0,1% compared to July 2013.
