Domenica, 23 Settembre 2018

Trend in falling Italian real incomes reverses


Rome, June 21 - A long trend of falls in real
incomes in recession-hit Italy ended in May, Istat said on
The national statistics agency said hourly wages for
contracted employees increased 1.4% in May with respect to the
same month in 2012, while the annual inflation rate was 1.1%.
This means real incomes grew by 0.3% as wage rises
outstripped price increases.
Istat said the return to positive real incomes was due to a
fall in the inflation rate, with the recession limiting price
hikes, rather than bigger increases in wages.
Indeed, May's wage levels were flat on April this year, the
agency said.

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