In sixty days of war in Iran, Italians spent, considering only bills, fuel and mortgages, over 1.7 billion euros more.
As regards electricity and gas bills, according to Facile.it estimates, for Italians with an indexed-price supply contract on the free market the increase will translate into an increase of over 40 euros between March and April. More specifically, gas bills will rise the most; looking at the consumption of a typical family (consumption equal to 1,100 smc), for users in March and April the average expenditure will be around 263 euros, i.e. more or less 36 euros more (+16%) compared to what they would have spent if the tariffs had not increased.
For electricity, for a typical family (consumption equal to 2,000 kWh), the bills for March and April will reach 110 euros, an increase of 5% compared to what they would have spent if the tariffs had remained stable. All this will weigh up to 500 million euros overall. On the mortgage front, the Euribor has risen by around 15 basis points since before the outbreak of the conflict, with peaks of +25 basis points (3-month Euribor). These movements translate into an increase of approximately 5 euros in the April installment and a further 5 euros in the May installment, calculated on a standard variable loan taken out in recent years (126,000 euros to be repaid in 25 years to cover 70% of the value of the property). Furthermore, Italians spent 1.2 billion euros more to refuel with petrol and diesel in the months of March and April compared to pre-conflict. For a full tank of petrol (50 litres), the average expense went from 83 euros in February to 88 euros in March and April; for a full tank of diesel, however, the cost went from 85 euros in February to 99 euros in March, reaching 105 euros in April. To travel a distance of 3,000 km before the conflict a truck spent 1,283 euros on diesel, today, however, it spends 262 euros more, i.e. 1,544 euros.