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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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