Confcommercio: social unease index grows in October, inflation weighs


In line with what was recorded in the last year – reads a note – the increase is attributable to the dynamics of the prices of goods and services with a high frequency of purchase, which in October recorded a variation, on an annual basis, of the 8.9% against 8.4% in September

In October, the social hardship index calculated by Confcommercio rose to 17.6 (+0.3 on September). In line with what was recorded in the last year – reads a note – the increase is attributable to the dynamics of the prices of goods and services with a high frequency of purchase, which in October recorded a variation, on an annual basis, of the 8.9% against 8.4% in September. Dynamics that were only partially mitigated, in terms of social hardship, by the improvements recorded on the employment side. Confcommercio also underlines that the indicator in the current formulation underestimates widespread unemployment in consideration of the impossibility of identifying the number of discouraged and underemployed people. “The progressive erosion of disposable income – we read again – cannot fail to have an impact on household behavior in the coming months, amplifying fears of a possible slowdown in demand and consequently of recovery and employment. Elements that could lead to a further expansion of the area of ​​social discomfort in the first months of 2023”.



Source-tg24.sky.it