Real incomes in Italy fall again

Difference between wage rises and inflation 1.8%

Real incomes in Italy fall again

Rome, October 25 - Real incomes in recession-hit Italy continued on a downward trend in September, Istat said on Thursday. The national statistics agency said hourly wages increased by 1.4% in September compared to the same month in 2011. The annual inflation rate, however, was 3.2%. This means real incomes fell by 1.8% because higher prices ate into the spending power of what Italians earned.

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