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Prices monitoring : the Italian experience

Ministero dello Sviluppo Economico. Prices monitoring : the Italian experience. Giancarlo Fiorito. Brussels , January 24, 2013. Summary. Policy and legislative framework Mr. Prices – Garante per la sorveglianza dei prezzi On-going initiatives Observatory of prices and tariffs

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Prices monitoring : the Italian experience

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  1. Ministero dello Sviluppo Economico Pricesmonitoring: the Italianexperience Giancarlo Fiorito Brussels, January 24, 2013

  2. Summary • Policy and legislative framework • Mr. Prices – Garante per la sorveglianza dei prezzi • On-goinginitiatives • Observatoryofprices and tariffs • Fuelpricesmonitoring • Future developments CMEG, 24/1/2013

  3. Policy and legislative framework • Consumer protection and prices • “Code ofConsumption” (Legislative Decree 206/2005) – Part II – alsotransposes EU Directive 1998/6/CE regardingprices (art. 13-17) • Legislative Decree 114/98 (reformofCommerce): provisionsregardingsanctions – LocalMunicipalitiescompetence • Specialfuelpriceslegislation: severalattemptstoincreasecompetition in the sector, latelyobligationforfuelpumpmanagersof price communicationto the MinistryofEconomicDevelopment and web publication • Market supervision regardingpricesdynamics • Anti-trust role and legislation • At nationallevel: “Mr. Prices” since 2007 • At locallevel: PricesOfficesofChambersofCommerce (Province level; some Regions are alsoactive in pricesmonitoringwithregionalObservatories) CMEG, 24/1/2013

  4. “Mr.Prices” WHO • “Mr. Prices” (Garante per la sorveglianzadeiprezzi) established by Law 244/2007 • Appointed for 3 years within the Ministry of Economic Development • Since November 2012 Mr. Prices is the DG for market, competition & consumers  sinergieswithConsumersAssociations WHAT • Supervises prices dynamics and highlights real mechanisms of prices formation along the supply chain, giving evidence to potential speculative behaviour; Transversal (=cross-Ministries/Institutions etc.) coordination role in order to activate and realize in-depth analyses and inquiries. • No direct intervention (competence or powers) but he can: • Ask businesses to report & moral suasion • Transmit report results to the Antitrust Authority • Advice the Ministry of Economic Development CMEG, 24/1/2013

  5. Mr.Prices(cont.d) HOW • Sectors and products or services to tackle can be selected following consumers associations suggestions (letters, ad hoc meetings etc.) or citizens complaints (via e-mail and toll-free number). • In order to carry on analyses and inquiries he relies on the collaboration of several institutions and entities, such as: • National Statistical Office (ISTAT) • Competent Ministries (e.g. Health, Transports, Agriculture etc.) • Independent Authorities (Antitrust, Energy) • Chambers of Commerce • Guardia diFinanza (Finance Police with special investigation powers) • Recent inquiries : LPG, methane, SMS and Bank accounts costs leading to moral suasion intervention. CMEG, 24/1/2013

  6. On-goinginitiatives • At nationallevel, mainly on-line initiatives • Observatoryofprices and tariffs www.osservaprezzi.mise.gov.it • Fuelpricesmonitoring(“Osservaprezzi Carburanti”), part of the Observatory - twofoldplatform: • the fuelpump managerisregistered and easilycommunicates the pricesto the Ministry, the processis “demateraliazed” and simplified (integrationwith the Business register, pumplocator etc.) • the consumer can look for the cheapestfuel price CMEG, 24/1/2013

  7. Observatory: mainfeatures Public funding • (almost zero-budget) Open source software, in-house management • New Website sinceSummer 2012 (re-styling notfinishedyet) • ≈ 4.000 visits in jan-13 CMEG, 24/1/2013

  8. Available data • Consumer basket from • 137 monthlypricesofgoods & services… • in 58 cities • Exclusive data in levels (notindex) • Fruit and vegetablesfrom • ≈ 200 weeklywholesaleprices… • Both in 10 Italian and Europeanmarkets • Other data (EU Commission, Eurostat, ISMEA etc.) CMEG, 24/1/2013

  9. Whatyou can find… Customizabletables and graphs EGGS (100 pcs.) CMEG, 24/1/2013

  10. Analyses and studies • Monthly Newsletter • Inflation - national and European • Wholesalemarkets • Public tariffs • Fuelmarkets • e.g. Diesel  • Ad hocstudies CMEG, 24/1/2013

  11. Prices - Top & bottom “Posizioni rappresentative”: The mostdetailedlevelavailablefrom CMEG, 24/1/2013

  12. FuelpricesmonitoringOsservaprezzi Carburanti • Since L.99/2009 mandatorycommunicationto the Ministryofpumpprices  Increase in transparency & competition • Implementationstarted in 2011 forpumpsalong the motorways • SinceOctober 2012 newplatform in ordertohave the gradualextensiontoallitalianfuelretailers  Fromstatsaveragestoactualpump price • Statisticalreportsavailable • Price geogr. dispersion (net ofregionalexcise) • Price manipulationcheck (e.g. pre-holydayincrease) CMEG, 24/1/2013

  13. Fuelmap price locator • Searchbyfuel, highway, region, province; • Advancedsearchbyitineray CMEG, 24/1/2013

  14. Future developments New MinisterialDecreegraduallyextending price communicationtoallItalianfuelretailersin 2013 • Priorityto LPG, methane (green) and self mode (lower price) 22.000 petrolstations in Italy! • Appforsmartphones • More “friendly” price statistics CMEG, 24/1/2013

  15. Thankyou! • Questions? • Contacts DGMCCVNT – Div. V “Price Monitoring” giancarlo.fiorito@mise.gov.it orietta.maizza@mise.gov.it www.osservaprezzi.mise.gov.it CMEG, 24/1/2013

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