Inflation Erodes Wage Power and Hits Italian Households
4 Articles
4 Articles
Italians are scared, consumer confidence has fallen, so the premier talks about something else. The opposition takes care of work
The economy has shown a high degree of resilience, but at a high cost.
The purchasing power of Italian citizens has sunk by around 46 billion euros in the past four years, reflecting the impact of instability on the world stage, warned Nico Gronchi, president of the business association Confesercenti.
Rome, 26 Sep (Latin Press) The rise in inflation in Italy is now deteriorating the purchasing power of wages and raising the pressure on household budgets, forced to spend an increasing part of their income to cover essential expenses. The post Inflation erodes wage power and hits Italian households first appeared on News Prensa Latina.
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