Inflation eroded Italian household wealth by more than 12% in 2022 compared to the previous year, ISTAT and the Bank of Italy said on Monday.
At the end of 2022 the net wealth of Italian households amounted to 10,421 billion euros, according to the joint report 'Wealth of the Main Institutional Sectors 2005-2022'.
This represented a drop of 1.7% in nominal terms, but of 12.5% in real terms considering inflation, using the consumer price index as a reference point.
ISTAT and BoI said net wealth also fell in relation to disposable income, from 8.7 to 8.1, "reaching its lowest level in the survey period of this publication".
Net wealth is the difference between gross wealth (financial and non-financial assets) and financial liabilities.
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