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Istat: the purchasing power of families is slightly down

2022-10-05T08:44:17.325Z

The disposable income of consumer households increased by 1.5% compared to the previous quarter, while consumption grew by 4.1%. (HANDLE)



The disposable income of consumer households increased by 1.5% compared to the previous quarter, while consumption grew by 4.1%.

Households' propensity to save was 9.3%, a decrease of 2.3 percentage points compared to the previous quarter.

Against a 1.5% increase in the implicit household final consumption deflator, household

purchasing power decreased slightly

compared to the previous quarter (-0.1%).

Istat notes this in the statistics for the second quarter of 2022. 

In the second quarter of 2022, the tax burden was 42.4%

,

an increase of 0.3

percentage points compared to the same period of the previous year.

This was highlighted by Istat in its quarterly note on the PA accounts, underlining that "The purchasing power of households recorded a slight decline despite the negative impact of the increase in prices. The household saving rate decreased by 2, 3 percentage points, however, still standing at higher levels than in the pre-pandemic period ".

Deficit / GDP falls to 3.1% in the second quarter of 2022

"In the second quarter of the year, the debt of government or public administrations on GDP fell markedly in trend terms, continuing its improvement path that began in the first quarter".

This was stated by Istat, highlighting that in the second quarter of 2022 net debt in relation to GDP was -3.1% (-7.6% in the same quarter of 2021).

While debt net of interest expense) was positive, with an incidence on GDP of 1.6% (-3.7% in the second quarter of 2021).

The current balance of the PA was also positive, with an incidence on GDP of 0.8% (-0.7% in 2021).


Source: ansa

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