Milan, Oct. 5 (LaPresse) – Istat data on household income and consumption in the second quarter of 2026 confirm for Codacons “the effect of the war in the Middle East on Italians’ pockets, figures that are unfortunately set to worsen.” The Istat report, Codacons stresses, “shows a significant loss in household purchasing power, which fell by 0.9% compared with the previous quarter and by 0.4% year-on-year, despite gross disposable income increasing by 0.4% on a quarterly basis and by 2.5% on an annual basis.” This is due, Codacons stresses, “to the sharp increases in prices and tariffs generated by the conflict in Iran starting in March, which, as expected, affected citizens’ spending capacity, forcing households to dip into their savings to sustain consumption: not surprisingly, the propensity to save among consumer households fell by 1.2% compared with the previous quarter.” “These figures, however, concern only the initial phase of the crisis: the ongoing war is causing new increases across all sectors, starting with fuel and energy, with the result that data on households’ economic conditions are inevitably set to worsen in the following quarter,” Codacons concludes.
Istat, Codacons: “War weighs on purchasing power, decline set to worsen”
Milan, Oct. 5 (LaPresse) – Istat data on household income and consumption in the second quarter of 2026 confirm for Codacons “the effect of the war in the Middle East on Italians’ pockets, figures that are unfortunately set to worsen.” The Istat report, Codacons stresses, “shows a significant loss in household purchasing power, which fell by 0.9% compared with the previous quarter and by 0.4% year-on-year, despite gross disposable income increasing by 0.4% on a quarterly basis and by 2.5% on an annual basis.” This is due, Codacons stresses, “to the sharp increases in prices and tariffs generated by the conflict in Iran starting in March, which, as expected, affected citizens’ spending capacity, forcing households to dip into their savings to sustain consumption: not surprisingly, the propensity to save among consumer households fell by 1.2% compared with the previous quarter.” “These figures, however, concern only the initial phase of the crisis: the ongoing war is causing new increases across all sectors, starting with fuel and energy, with the result that data on households’ economic conditions are inevitably set to worsen in the following quarter,” Codacons concludes.