Istat: Shopping trolley prices decelerate to +3.1%
Prices of food, household and personal care goods, i.e. those in the so-called shopping trolley, decelerated in September on a trend basis from +3.4% to +3.1%, more than the provisional data (3.2%)
Key points
The prices of food, household and personal care goods, i.e. those of the so-called shopping trolley, decelerated in September on a trend basis from +3.4% to +3.1%, more than the provisional data (3.2%), and those of high-frequency products accelerated from +2.3% to +2.6 (2.7% in the provisional data), Istat reported, a few days after the publication of the Eurostat inflation data for September.
September prices down 0.2% compared to October (+1.6% year-on-year)
The stability of the inflation rate implies differentiated trends in the various expenditure aggregates: prices for Services related to transport (from +3.5% to +2.4%), unprocessed food (from +5.6% to +4.8%) and regulated energy (from +12.9% to +13.9%) are slowing down, while prices for non-regulated energy (from -6.3% to -5.2%) are accelerating.
Core inflation decelerates
In September, core inflation, net of energy and fresh food, decelerated (from +2.1% to +2.0%), as did inflation net of energy goods only (from +2.3% to +2.1%). The negative cyclical change in the overall index mainly reflects the decrease in prices for Services related to transport (-3.3%) and for Processed food (-0.5%), partially mitigated by the increase in prices for Unprocessed food (+0.6%). The inflation outlook for 2025 is +1.7% for the overall index and +2.0% for the core component.
The indices
L’indice nazionale dei prezzi al consumo per le famiglie di operai e impiegati (Foi), al netto dei tabacchi, registra una variazione del -0,1% su agosto e del +1,4% su settembre 2024. L’indice armonizzato dei prezzi al consumo (Ipca) aumenta di 1,3% su agosto, per effetto della fine dei saldi estivi di cui il Nic non tiene conto, e dell’1,8% rispetto a settembre 2024 (da +1,6% del mese precedente), confermando la stima preliminare. Nel terzo trimestre 2025 i prezzi al consumo, misurati dall’Ipca, evidenziano aumenti più contenuti per le famiglie con bassi livelli di spesa (+1,7%) e lievemente più alti per quelle con livelli di spesa elevati (+1,8%). Per gli alimentari si registra un calo dello 0,1% su agosto e un aumento del 3,7% su settembre 2024 mentre per le bevande alcoliche si segnala un calo dello 0,1% sul mese e un aumento del 2,0% sull’anno.
Main drop for telecoms sector
The sector with the largest price decrease was communications with -0.4% on the month and -4.6% on the year. For housing, water, electricity and fuels there was an increase of 0.1% on August and a decrease of 1.0% on the year.
