Domenica, 21 Ottobre 2018
ROME

Italian families' real income falls for fifth year on run

English
© ANSA

Rome, November 27 - The real income of households
in recession-hit Italy is set to fall for the fifth consecutive
year in 2012, with a drop of over 2.5%, the Bank of Italy said
Tuesday.
"We are in the fifth year of real-income reductions," said
Salvatore Rossi, the Bank of Italy's deputy director.
"This year the fall is set to be even bigger than the 2.5%
drop during the 2009 recession".
Real incomes fall when salary rises are lower than
inflation, meaning people's spending power is diminished by
higher prices.

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