after sting of summerlet’s get ready for thisFall, As the data shows, italian holidays there’s a lot this year too expensiveand also Less, Not only that: as a study released in late July by Demoscopica on summer price increases showed, spending on holidays will still be more expensive than in 2022, even while cutting the number of days off around holidays. Is.
Assoutenti President Furio Truzzi pointed out that there has been a very strong price increase in the sectors of air transport, accommodation and holiday packages.There has been a profound change in the holiday habits of Italians, If on the one hand the number of Italians spending summer holidays remains largely constant compared to 2022, on the other hand there is a trend to cut costs by reducing the number of holiday days.
“Just think about the percentage of Italians who can afford this summer Away from home only one weekend or maximum 3 nights, up from 4% last year to 18% in 2023 – Truzzi continues – but the share of those spending 7 nights out has also dropped significantly, from 63% in 2022 to 56% this year. And the paradox is that, despite the reduction in holiday days, the cost will be higher: the summer holidays of 2023 will cost Italians dearly 1.2 billion euros more Compared to 2022, even if fewer nights away from home”.
Once the holidays are over, or what’s left of them, another bite may be waiting for us, autumn: on average we talk +1,601 Euro per family, it still means full userWho has done a study on the expenses we will face from September till the end of the year.
The association examined and calculated 5 items of expenditure – food, petrol, mortgage, school and catering. Bills are not being counted, given that electricity and gas rates are currently stable, even though with demand improving in the autumn months, energy prices in international markets could trigger new impressive increases.
Food prices go up
The first item that will impress Italians returning from vacation is related to Eat, Grocery shopping will be expensive once again. Today is the full price of food products 10.7% more than last yearThis is a trend which, if confirmed in the coming months, will see a significant increase in the food expenditure of a typical family. +205 Euro compared to the same period last year. not surprising, Retail sales have literally collapsed: spending per household has dropped to -1,075 euros. On average, net of inflation.
Still inflation is starting to come down: Then why is the trolley becoming increasingly expensive? Assotenti and other consumer protection organizations have been fighting for a price cut for months. Manufacturers and industry oppose anti-inflationary basket desired by governmentThat’s why associations are considering has been exposed to antitrust to verify whether it has created a cartel situation to the detriment of the consumers.
As Truzzi explains,The Italian food industry ranks first in terms of turnover among the manufacturing sectors of Italy.reached 179 billion euros per year, exports exceeded 50 billion euros. Food sector to record 12% growth in 2022, to continue with rates higher than GDP over two-year period 2023-2024, “Data shows there is scope for reduction in prices in the food sector”.
How to reduce prices? giving up a share of the profits. “The obstruction of the industry and producers to the initiative aimed at bringing down the retail price list is completely bogus”. And then, continues Truzzi, who defines the cost of living as “National emergency can be compared to covid and climate change“Government should make every possible effort by giving responsibility More powers to Mr. Prices and stop betting Which has been recorded in strategic and non-competitive sectors like fuel, energy, insurance and banks, which have recorded additional profits in the last two years that were never achieved before, above all on the skin of consumers.
“In this emergency situation, in which consumption is falling steadily, large companies must play their part”. is appreciated for large distributionwho decided to make Forward Price Reduction Policy in the next quarter. However this might not be sufficient.
petrol price increases
even in autumn Driving will cost more, Today a liter of green costs an average of 1.938 euros per litre, compared to around 1.679 euros in the September-December 2022 period (here is a map of the most expensive distributors in Italy).
If no downward adjustment is made to the price list at the pump, the cost of supply, assuming two full tanks per month per household, will increase even +103 Euro per core as compared to the expenditure incurred last year.
RC car will also be cleaver: Insurance grew by +3.3% last monthWe have to figure out what will happen in autumn, but everything suggests that there will be new growth.
mortgage increases
Another sting is related to the cost of banks. For all those people who have a mortgage arrears, or who have to take a loan, it will be painful. in addition to bank charges that will increase ,6,4% On an annual basis, ECB President Christine Lagarde has already announced new rate hikes since the last hike in July, which will push up the cost of loans and mortgages for Italian households even more.
Today – Asutenti explains – A variable rate mortgage with an average amount of 125,000 euros over 25 years – The most common type of loan to buy a first home in Italy – Average cost 60% higher than the beginning of 2022with The monthly installment increased by an average of about 270 euros,
Monthly tranches will be spent for the September-December period, assuming a rate adjustment of 0.25% at all three ECB meetings in September, October and November Overall approx +1,170 more expensive Euro than in 2022.
school costs go up
Schools will reopen in September and among the expensive books, notebooks, pens and other materials it will go waste. Stationery products registered an average growth of +9.2% on an annual basis, owing to higher raw material prices and higher production costs.
As the assistant details, a family has to buy anew all the equipment for their child for the entire school year – backpack, diary, pencil case, pens, pencils, notebook, etc. – thus he finds himself spending almost 50 euro over 2022. To this he must add the increment for i textbooksWhose total cost per student varies From 300 Euro for 6th grade to 600 Euro for high schoolincluding dictionaries.
“On this front, trade unions are already talking about an average increase of 10% on an annual basis, which would increase the average expenditure for textbooks by about 45 euros compared to last year, making the total burden for the school item will be equal. To +95 Euro per student,
Prices go up at bars and restaurants
Even eating out or drinking coffee will become cost prohibitive for many. In food and drink they expect on average +28 Euro additional cost per family over 4 months,
In October, the government’s anti-inflationary basket
In the face of this dismal picture – and this is good news – Government’s quarterly anti-inflation basket to be launched in OctoberA measure that could lead to savings for families.
Adolfo Urso, Minister of Enterprise and Made in Italy, announced that until 10 September the “modalities”anti inflation quarter”, which will last 1 October to 31 December and that will provide controlled prices on a selection of items included in the shopping cart through various methodsapplication of fixed prices, promotional activities Through initiatives on identified products, or on a range of branded products such as trolleys at a discounted or single price. MIMIT also wants to set up a permanent table to manage the distribution sector, which could include other competent ministries. The first meeting is expected to be held within the month of September.
possible 10% off shopping cart price In three months after the application of the basket there will be one Average savings of 155.3 Euro per quarter for a normal family, of which about 140 euros for food alone. The savings increase to 211.2 euros for a family of 2 children, with 192 euros less for food and drink alone”.
According to the President of Assoutenti, “the total savings in the 3 months of the application of the basket will reach a total of 4 billion euros. These are obviously only estimates which will be affected by various variables, such as the range of products to be included in the basket, price cuts by large retailers and merchants, and consumer engagement, but which give an idea of the retail price. What is the impact of reduction in inventory on the pocket of the community”.
At present, manufacturers and industry are opposing it. “With the regulated basket we are confident that we can give a certain blow to inflation, bring it back to natural levels,” said Urso, a colleague who is not worried about a “no” from the world of industry. what seems certain now is Anti-inflationary bonus to be paid by INPS,
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