Consumer prices: provisional data

In November 2013, according to provisional estimates, the Italian consumer price index for the whole nation (NIC) decreased by 0.4% compared with the previous month and rose  by 0.6% with respect to November 2012 (0.2 lower than in October 2013).

The slowdown in the Italian inflation was due to the slowdown of annual dynamics of prices  of all divisions, excluding Transport and Recreation and culture.

The fall on monthly basis of All items index was mainly due to the decreases compared with October 2013 of prices of Restaurant and hotels (-1.7%) and Transport (-0.9%).

Decreases on monthly basis were also observed for prices of Recreation and culture (-0.3%) and Miscellaneous goods and services (-0.2%); for the remaining divisions, slight increases or stability of prices were registered.

Concerning to Restaurant and hotels, the cause was the large decrease of prices of Accommodation services (-7.2% on monthly basis; +0.3% on annual basis) on which seasonal factors had an impact.

With regard to Transport, the main causes were the decrease of prices of Fuels and lubricants (-1.6% compared with the previous month; -4.1% compared with November 2012) and the declines, mainly due to seasonal factors, of prices of Passenger transport by air (-9.7% on monthly basis; +14.3% on annual basis, slowing down from +15.2% of October 2013) and of Passenger transport by sea and inland water way (-5.4% on monthly basis; -5.3% with respect of November 2012).

The divisions, whose prices rose compared with October 2013, registered small increases: the highest one was observed for Food and non-alcoholic beverages and was equal to +0.2%. This rise was owing to the increase of prices of unprocessed food and, in particular, of Fresh vegetables (+2.0% on monthly basis; -4.4% on annual basis) and Fresh fruit (+1.6% compared with the previous month; -1.3% with respect to November 2012, from +0,9% observed in the previous month).

In November 2013, according to preliminary estimates, the Italian harmonized index of
consumer prices (HICP) decreased by 0.4% with respect to the previous month and rose by 0.6% with respect to November 2012 (0.2 lower than in October 2013).