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Confcommercio: 'Inflation and bills weigh on Christmas expenses. Boost confidence, cut taxes'

2021-12-04T11:46:10.198Z


Consumption of 110 billion euros expected in December, 158 euros each for Christmas gifts. 'You spend less and the expensive bills erode the share of consumption' (ANSA)


This year,

for Christmas gifts,

158 euros will be spent per capita compared to 164 euros last year, -8% compared to 2019 and over 36% less than in 2009, overall 6.9 billion compared to 7 , 4 billion last year, with inflation and the rise in bills that risk further reducing the thirteenth share allocated to these expenses.

This is what emerges from an analysis by Confcommercio.

In total,

"for the month of December it is estimated a value of about 110 billion euros of consumption expenses

(including rents, utilities, services), a value about 10 billion less than what was spent in 2019", explains Confcommercio. During the month, the average expenditure per household stood at 1,645 euros, 0.5% more than last year, but still far below 2019 (-7.5%), adds Confcommercio, underlining that the thirteenth overall destined for consumption: 32.6 billion in 2021 against 29.7 billion in 2020. 



"The growth in consumption at Christmas risks being triggered by fears of the pandemic, inflation and the costs of forced consumption. To revive confidence, the planned tax cut must be accelerated, starting with Irpef and corporate social security contributions. ".

Thus the President of Confcommercio, Carlo Sangalli. 

Source: ansa

All life articles on 2021-12-04

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