In Modena, inflation starts to rise again, bills and food take their toll – Economy

In Modena, inflation starts to rise again, bills and food take their toll – Economy
In Modena, inflation starts to rise again, bills and food take their toll – Economy

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In May, inflation was growing again on an annual basis, mainly due to the increases in the prices of utilities, food, accommodation and recreational services. The same increase was also recorded at the economic level.
The consumer price index for the entire community (Nic) calculated on the municipal territory in May produces, in fact, a positive variation of 0.6% on an annual trend basis accompanied by an identical variation at the economic level, as emerges from the findings of the same indicator, based on the prices recorded in the city by the municipal statistics service according to Istat provisions.
In May, in particular, accommodation and catering services grew (+2.9%); furniture, articles and services for the home (+1.2%); recreation, entertainment and culture (+0.7%); housing, water, electricity and fuels (+0.6%); food products and non-alcoholic drinks (+0.4%); health services and health expenditure (+0.3%); clothing and footwear (+0.2%); alcoholic beverages and tobacco (+0.1%).

However, the communications (-1.8%) and transport (-0.3%) divisions fell. Other assets and education remain unchanged.

The “Accommodation and catering services” division shows the greatest monthly appreciation (+2.9%) mainly due to the growth of accommodation services while weaker price increases concern restaurants and bars. “Furniture, home items and services” also increased (+1.2%) due to the growth of furniture, furnishings, various accessories and textile items. Positive change (+0.7%) also for “Recreation, entertainment, culture”: despite the various declines present within the category, including holiday packages, TV, computers and tablets, gardening items, plants and flowers, the marked increases in recreational and sports services and, to a lesser extent, cultural services and books cause a positive sign for the entire category.
The “Housing, water, energy” division is experiencing almost similar growth (+0.6%) with utility prices starting to rise again at an economic level even if they remain decidedly lower than those of a year ago; rents and condominium expenses are also growing.

The “Food, non-alcoholic beverages” divisions also increased (+0.4%), due to the increase in the prices of fruit, meat, water and drinks while bread and cereals were decreasing, and “Health services and health expenses” (+ 0.3%) due to the growth in prices of medical and paramedical services while the prices of pharmaceutical products are stable. Finally, a lighter growth concerns the “Clothing and footwear” categories (+0.2%) with modest increases in clothing and footwear prices and more significant increases for laundry and clothing repair services, and “Alcoholic drinks and tobacco” (+0.1%) with appreciation for beers and spirits while wines showed a slight decline (the category is entirely nationally centralized).

Among the divisions with a negative sign, the most significant percentage drop (-1.8%) concerns the “Communications” division mainly due to the drop in telephone numbers while telephone services are increasing modestly (the category is entirely centralized national). The “Transport” division also decreased slightly (-0.3%) thanks to the depreciation of fuel and passenger air transport, while the repair of private means of transport and other services (such as rental and garage) increased. Finally, the “Education” and “Other goods and services” divisions remain unchanged.

 
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