Inflation Italy 2021, prices still rising in October

Inflation, prices still rising in Italy in October 2021. According to preliminary Istat estimates, in October the national consumer price index for the entire community (Nic), before tobacco, recorded an increase of 0, 6% on a monthly basis and 2.9% on an annual basis (from + 2.5% the previous month). The further acceleration, on a trend basis, of inflation is largely due, also in October, to the prices of energy goods (from + 20.2% in September to + 22.9%) and to those of the regulated (from + 34.3% to + 37.0%) and at the prices of the non-regulated one (from + 13.3% to + 15.0%). The prices of processed food goods (from + 1.0% to + 1.4%) and those of transport services (from + 2.0% to +2) also accelerate compared to September, but to a lesser extent. , 4%). As for core inflation, the figure net of energy and fresh food rose from + 1.0% to + 1.2%, while that net of energy goods alone remained stable at + 1.1%. The cyclical increase in the general index is mainly due to the growth in the prices of regulated energy goods (+ 12.6%) and only to a lesser extent to that of the prices of non-regulated energy (+ 1.0%) and non-regulated food. processed (+ 0.7%). On the other hand, the prices of transport services (-0.7%) and recreational, cultural and personal care services (-0.3%) decreased for reasons attributable mostly to seasonal factors. On an annual basis, the prices of goods accelerate (from + 3.6% to + 4.0%), while the growth of those of services is stable (+ 1.3%); the inflation differential between the latter and the prices of goods remains negative (-2.7 percentage points), widening compared to that recorded in September (-2.3). The inflation acquired for 2021 is equal to + 1.8% for the general index and + 0.8% for the core component. Finally, writes Istat, according to preliminary estimates, the harmonized index of consumer prices (Pica) recorded an increase of 0.8% on a monthly basis and of 3.1% on an annual basis (from + 2.9% of September). The shopping cart also accelerates – In October, highlights the statistical institute, the prices of food goods, for home and personal care (from + 0.9% to + 1.2%) and those of products accelerate with high frequency of purchase (from + 2.6% to + 3.2%). Expansion to the highest since 2012 – “According to preliminary estimates, inflation accelerates in October for the fourth consecutive month, thus moving from a negative change recorded in December 2020 to an increase of an extent that has not been recorded since September 2012 (when was equal to + 3.2%) “, comments Istat. “Energy goods continue to be the protagonists, contributing almost two percentage points to inflation and explaining a large part of the acceleration compared to September”, continues the statistical institute.