In December 2023 the social hardship index detected by Confcommercio stood at 13.1 (-0.5 in November).
Contributing to the reduction - explains a note - was both the decline in inflation for high-frequency goods and services (which fell to 4.4% from 4.6% in the previous month) and the reduction in widespread unemployment (7.8 % compared to 8.1% in November).
In this context, the centrality of a positive trend in the labor market for the stabilization or reduction of the area of social hardship in the coming months is confirmed.
On average for the whole of 2023 the indicator stood at 15.6 (1.3 tenths of a point less compared to 2022).
After the peak recorded in the first two months of the year (17.8) the MIC showed a progressive and significant tendency to decrease, the synthesis of a decisive reduction in inflation and a progressive and constant improvement in the labor market, which has also been attenuating in recent years. months.
Having adjusted for the inflationary side, employment dynamics remain central to the dynamics of social hardship measured in macroeconomic metrics.
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