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Italian household purchasing power sinks 9.4% since 2008

Down almost 5% from 2011 to 2012 alone

05 December, 12:21
Italian household purchasing power sinks 9.4% since 2008

(ANSA) - Rome, December 5 - Italian households have seen their purchasing power sink 9.4% from 2008 to 2012, Italy's social security
agency (INPS) revealed on Thursday.

Acute recession squeezed buying power 4.9% from 2011 to 2012 alone.

Over four years since the global financial crisis hit in 2008, disposable income fell an average of 1.8% per year, but saw a loss of 2% from 2011 to 2012.

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