Inflation in Italy, up 3.8% in November

Inflation is running in Italy. In November it rose by 3.8% according to the latest Istat estimates, a level that had not been recorded since September 2008. To weigh the prices of energy goods, food and transport services. The prices of food goods, of those for home and personal care (from + 1.0% to + 1.4%) and of products with a high frequency of purchase (from + 3.1% to + 3.8%). EXPENDITURE PER FAMILY – The overall increases in November, according to the estimates of the National Observatory Federconsumatori, will weigh on each family for +1,132.40 euros per year. “The aspects that worry most are the sharp increases in primary goods such as electricity, gas, fuel and food: according to the estimates of our Observatory, the increases due to these items amount to over 551.65 euros per year. A similar surge in prices. it will only have a negative impact on Christmas consumption, for which a slowdown is expected, as well as on the conditions of families already severely compromised by the crisis caused by the pandemic “. INFLATION IN EUROPE – Annual inflation in the euro area is forecast at 4.9% in November, up from 4.1% in October, according to Eurostat’s flash estimate. The rise in consumer prices is above the consensus, the average of analysts’ expectations. In Germany it is estimated at 6%, in Italy at 4%. Core inflation, net of the more volatile components (food, energy, alcohol and tobacco), rose to 2.6% in November, from 2% in October.