Rome

Italian real income down again in February

Hourly wages up 1.4% on 2012, but inflation at 1.9%

Italian real income down again in February

Rome, April 9 - Real wages in recession-hit Italy fell again in February, Istat said on Tuesday. The national statistics agency said hourly wages rose 1.4% in February with respect to the same month in 2012. But with inflation at 1.9%, this meant that real incomes fell by 0.5%, as prices rose by more than salaries. The agency said that the drop in real income was less than in previous months. It added that wages were flat in February compared to January this year.

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