Italian wage rises, consumer confidence hit new lows
Fall in real wages biggest since 199528 January, 11:55
The national statistics agency added that real wages fell by 1.5% last year, the biggest drop since 1995.
This was because the average rise in hourly wages last year was half the rate of inflation - 3%. This means Italians' real wages were cut because prices rose at a rate that outstripped salary increases.
Istat added that its consumer-confidence index dropped to 84.6 points this month from 85.7 in December, taking it to the lowest level since the index's launch in January 1996.