In October 2016 the Italian consumer price index for the whole nation (NIC) declined by 0.1 on monthly basis and by 0.2% with respect to October 2015 (the flash estimate was -0.1%), from +0.1% in September 2016.<\/p>\n
The decline on annual basis of the All items index was still determined by Energy products whose decrease was enlarged slightly (-3.6%, from -3.4% in September 2016), due to greater price drop of Regulated energy products (-6.0%, from -3.8% in September 2016) partially offset by the lower drop of Non-regulated energy products (-0.9%, from -2.7% in the previous month). Other deflationary contributions were brought by other types of products: among these the most notable were the reversal trend of Unprocessed food (-0.4%, from +0.4% in September 2016) and the zeroing of the growth of prices of Services related to recreation, including repair and personal care (from + 0.6% in September 2016).<\/p>\n
Therefore, the inflation excluding energy slowed down (+0.2%, from +0.5% in the previous month); likewise excluding energy and unprocessed food, core inflation was +0.2%, down from +0.5% in September 2016.<\/p>\n
The slight decrease on monthly basis of All items index was due to declines of prices of Services related to transport (-1.2%) and of Services related to recreation, including repair and personal care (-0.4%) only partially offset by the increase of prices of Non-regulated energy products.<\/p>\n
The annual rate of change of prices of Goods was -0.4% (down from -0.2% in September 2016) and the annual rate of change of prices of Services was +0.1% (down from +0.4% in the previous month). Therefore the inflationary gap between Services and Goods decreased by 0.1 percentage points with respect to September 2016.<\/p>\n
Prices of Grocery and unprocessed food increased by 0.1 on monthly basis and decreased by 0.2% on annual basis (the annual rate of change was equal zero in the previous month).<\/p>\n
In October 2016 the rate of change of Italian harmonized index of consumer prices (HICP) increased by 0.2% with respect to the previous month and declined by 0.1% with respect to October 2015 (the annual rate of change observed in September was +0.1%). The flash estimate was confirmed.<\/p>\n
Core inflation measured by Italian HICP was +0.2% (down from +0.5% in September 2016); both the inflation excluding Energy, food, alcohol and tobacco and that one excluding Energy were +0.2% (both from +0.4% in September 2016).<\/p>\n
In October 2016, the Italian harmonized index of consumer prices at constant tax rates (HICP-CT) increased by 0.2% compared with the previous month and decreased by 0.2% with respect to October 2015 (0.1 lower than HICP). Therefore, the difference between HICP and HICP-CT rates of change \u2013 which incorporates the effects of changes in indirect taxes occurred in the last twelve months \u2013 was positive and equal to 0.1.<\/p>\n","protected":false},"excerpt":{"rendered":"
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