Home » Inflation in January soars to 4.8%: it is at its highest since 1996

Inflation in January soars to 4.8%: it is at its highest since 1996

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Inflation in January soars to 4.8%: it is at its highest since 1996

Inflation in January recorded a strong acceleration, reaching a level (+ 4.8%) that had not been recorded since April 1996, when the Nic recorded the same trend. Istat notes this, explaining that “Regulated energy assets are driving this flare-up with an annual growth never recorded, but growing inflationary tensions are also manifested in other product sectors. Nonetheless, – the institute continues in the comment – the core component, net of energy and fresh food, confirms the December figure thanks also to the slowdown in the prices of transport services, whose trend trends are still conditioned by mobility restrictions. due to the pandemic “.

According to Assoutenti, Italian families risk a sting of almost 40 billion euros, but the effects are already seen in the newspaper as revealed by the Institute of Statistics because in January the so-called “shopping cart” or food goods also increased, for home and personal care and high-frequency purchasing products: the former grew by 3.2%, the latter by 4.3%.

To give a better idea of ​​how the rush of energy and raw materials has been transferred to the consumption of Italians, Coldiretti explains that “with the rise in energy costs that is transferred to production costs in the agri-food chain such as that for packaging, you pay more for the bottle than for the tomato it contains ».

The inflation acquired for 2022 is equal to + 3.4% for the general index and + 1% for the core component.

In detail, the further and marked acceleration of inflation on a trend basis is mainly due to the prices of energy goods (whose growth goes from + 29.1% in December to + 38.6%), in particular those of the regulated (from + 41.9% to + 94.6%). To a lesser extent, it is due to the prices of non-regulated energy goods (from + 22.0% to + 22.9%), unprocessed food goods (from + 3.6% to + 5.3%) and those of Recreational, cultural and personal care services (from + 2.3% to + 3.6%); on the other hand, the slowdown in the prices of transport services (from + 3.6% to + 1.5%) should be noted.

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“Regulated energy goods drive this flare-up with an annual growth never recorded, but growing inflationary tensions are also manifested in other commodity sectors”, comments the Institute of Statistics, which adds: “Nevertheless, the underlying component, net of energy and fresh food confirms the December figure thanks also to the slowdown in the prices of transport services, whose trend trends are still conditioned by the limitations to mobility due to the pandemic ».

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