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 euro, 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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