Household purchasing power grows by 3.3% Q1

Propensity to save also up in first quarter says Istat

By: ansa.it

Jul 02 2024
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Household purchasing power gro

In the first quarter of the year, the purchasing power of households grew by 3.3% compared to the previous quarter, Istat said Tuesday.
    The stat agency said this was slightly dampened by the increase in consumer prices (+0.2% was the cyclical change in the implicit deflator of household consumption).
    It added that the recovery in the propensity of households to save, which had reached its lowest point in the last quarter of 2022, is also continuing: in the first three months of 2024, it increased by 2.6 percentage points compared to the previous quarter, reaching 9.5%.