Prices, record inflation touches 9%: shopping cart increases

In addition to energy crisis and dear bills (here we talked about the bonus against expensive bills, how it works and to whom it belongs), Italian households are gripped by the general increase in consumer prices. With inflation that, rather than galloping, runs fast with a sprinting sprint. In September the figure almost 9% every year (inflation had already reached record levels at the beginning of the month, as explained here).

Once again, the prices of the so-called are increasing “shopping cart”, that is the basic necessities for the care of the house and of the person. The increase is of11.1% compared to a year ago: a historical record that had not been reached for almost 40 years, since 1983.

How much the prices rise

According to preliminary estimates released by theIstatthe national index of consumer prices for the entire communitygross of tobaccos, it recorded an increase of 0.3% on a monthly basis and 8.9% on an annual basis (from + 8.4% in the previous month).

Core inflation, net of energy and fresh food, accelerates from + 4.4% to + 5.0%, while inflation net of energy goods alone from + 5.0% to + 5.5%. “It is necessary to go back to July 1983 (when they recorded a trend variation of + 12.2%) to find an increase in the prices of the shopping cart, on an annual basis, higher than that of September 2022 (+ 11.1%) “, reports the Institute of Statistics (milk alarm throughout Italy, prices out of control: what we risk).

Which goods cost the most

The further acceleration of inflation is mainly due to the prices of food goods (from + 10.1% in August to + 11.5%) and those of recreational, cultural and personal care services (from + 4.6% to + 5.7%).

While slowing down slightly, they continue to grow very broadly energetic (from + 44.9% to + 44.5%) both regulated (+ 47.7%) and unregulated (+ 41.2%). “The inflation acquired for 2022 is equal to + 7.1% for the general index and + 3.6% for the core component”. In August, acquired inflation was + 7%.

The cyclical increase in the general index is mainly due to the prices of unprocessed food (+ 2.0%), semi-durable goods (+ 1.0%), processed food (+ 0.8%) and goods durable (+ 0.6%) and is partly held back by the drop in the prices of transport services (-4.2% due mostly to seasonal factors).

The situation in Europe

Paraphrasing an old maxim, if Italy cries the rest of Europe doesn’t laugh. In September, the annual inflation rate in the Eurozone hit yet another record, passing from 9.1% in August to 10%. According to data from Eurostatthe increase in energy prices, which reached 40.8% (compared to 38.6% in August), determined a double-digit rate. Considering the individual countries, the highest values ​​are recorded in Holland (17.1%) and in Austria (+ 11%). Instead, it curbs inflation in Francea country that has adopted measures to reduce energy costs.

The new record on EU inflation could now lead to the European Central Bank for an increase in interest rates of 50 or 75 basis points during the next monetary policy meeting. According to analysts, the slightly above expectations could increase the likelihood of an even bigger hike next week, to 75 points.

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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