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Inflation: Istat, stable at +11.8% in November, +0.5 per month

2022-11-30T10:46:39.677Z

Inflation, which was slowing sharply on a monthly basis and stable on a year-on-year basis, seems to have exhausted its acceleration boost also thanks to the drop in unregulated energy prices. (HANDLE)



ANSA Lavoro - ROME, NOVEMBER 30 - Inflation, sharply slowing on a monthly basis and stable on a year-on-year basis, seems to have exhausted its acceleration boost also thanks to the drop in unregulated energy prices.

According to preliminary estimates by Istat, in November the national consumer price index for the whole community (NIC), gross of tobacco, recorded an increase of 0.5% on a monthly basis (it had been 3.4 in October ) and 11.8% on an annual basis (as in the previous month).

"After the sharp acceleration in October, inflation in November, which remains at the record levels of March 1984 (when it was +11.9%), is stable" comments Istat.


    "Shopping trolley prices accelerate" in November, "but only slightly" observes Istat "If the ongoing decline in wholesale prices of gas and other raw materials continues in the coming months, the fire of inflation, which has characterized up to now in the current year, it could start to withdraw" adds Istat.

In detail: the prices of food, home and personal care products recorded a modest acceleration on a trend basis (from +12.6% to +12.8%); on the contrary, those of frequently purchased products slowed down (+8.9% to +8.8%).


    The inflation acquired for 2022 is +8.1% for the general index and +3.7% for the core component.

According to preliminary estimates, the harmonized index of consumer prices (Ipca) increases by 0.6% on a monthly basis and by 12.5% ​​on an annual basis (from +12.6% in the previous month).

While "core inflation", net of energy and fresh food, accelerates from +5.3% to +5.7%;

that net of energy assets alone rose from +5.9% to +6.1%.

(HANDLE).


Source: ansa

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