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Tax burden down, incomes up

News & Data JIACC

The tax burden fell and incomes and purchasing power both rose in 2017, national statistics agency ISTAT affirmed in a newly published report

Source: ANSA – ISTAT also said that inflation was steady in December. Italian inflation was steady at 0.9% in December, ISTAT said in preliminary estimates Friday. The monthly rise was 0.4%, the statistics agency said. Air transport costs were up 27.3%. The prices of the most frequently bought goods in Italy’s inflation ‘trolley’ rose 1.5% in 2017 over the previous year, ISTAT said Friday. This compared to a 0.1% gain in 2016, the statistics agency said. In December they rose by 1.3%, compared to November’s 1.6%, the agency said. Consumer prices began rising again in 2017, up 1.2% after a 1.1% fall in 2016 that took Italy into deflation, ISTAT said Friday. Prices thus returned to the levels of 2013, the statistics agency said. The price rises were driven by increases in the prices of energy and food. Italy’s budget deficit was 2.3% in the first nine months of 2017, 0.2 percentage points lower than the same period in 2016, ISTAT said Friday. This was the best figure since 2007, the statistics agency said. The third-quarter deficit was down to 2.1%, the agency said, compared to 2.4% in the third quarter of 2016. Italy’s tax burden fell 0.4 percentage points in the third quarter of 2017 compared to the same period in 2016, falling to 40.3%, its lowest since 2011, ISTAT said Friday. The nine-month figure, at 40.2%, is also the lowest in six years, the statistics agency said. Italian household income rose 0.7% in the third quarter of 2017 over the second quarter and by 2.1% over the third quarter of 2016, ISTAT said Friday. Purchasing power rose by 0.8% and 1.1% respectively, the statistics agency said

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