Here is the autumn sting: +1,600 euros per family


By John

Punctual as a Swiss watch, the autumn sting arrives again this year, a sort of hidden tax that awaits Italians returning from holidays, determined by the sharp rise in prices and tariffs in some sectors. To estimate the extent of the bloodletting is Assoutenti who, taking into consideration 5 items of expenditure, calculates the highest outlay for Italians at +1,600 euros per family. There is, however, a feeble hope: if the government’s hypothesised price control is triggered (the signature of the food industry is still missing) the overall savings could be around 150 euros (4 billion in all).

The first item that will interest citizens is that of food: «Today, food products as a whole cost 10.7% more than last year, a trend which, if it were to continue in the next few months, would cause the expenditure for food and drink of a typical family to rise in the September-December period by as much as +205 euros compared to the same period in 2022», calculates Assoutenti. In September the schools will reopen, and already a drain on the cost of school supplies is expected: stationery products recorded an average increase of 9.2% on an annual basis, due to higher raw material prices and higher production costs. A family that has to buy everything from scratch for its child for the entire school year (backpack, diary, pencil case, pens, pencils, notebooks, etc.) thus finds itself spending about 50 euros more than in 2022, to which must be added the price increases for textbooks (+45 euros), with a total increase for the “school” item of +95 euros per student».

It is also more expensive to travel by car: «if the price lists at the pump were to remain at current levels, the expenditure for supplies, assuming two full tanks a month per family, would rise in the last four months to a total of 103 euros per household compared to what was spent in the same 4 months of 2022 ». Then the mortgage front opens: “assuming a 0.25% rate adjustment at the next ECB meetings, spending on monthly installments for the September-December period would be more expensive overall by around +1,170 euros compared to 2022”, calculates Assoutenti. StIt will also be more expensive to eat in restaurants and consume in bars: in this sector the increase in expenditure will be approximately +28 euros per family in 4 months. Total: +1,601 euros per family. But the Italians will also have to deal with irinsurance charges: Aiped, the Italian Association of Non-Life Appraisers, reports increases in costs for policies connected to homes in the order of +9.1% per year, while motor liability is up by +3.3% compared to the same period of 2022, a percentage that “brings the average tariff to 374 euros per policy and determines greater expenditure for the policyholders of 390 million euros”, says the president of Aiped, Luigi Mercurio.

«Italians have to prepare for an autumn blow caused by the strong increases in prices and tariffs in various sectors, but there is something new. – affirms the president Furio Truzzi – In fact, the quarterly anti-inflation basket wanted by the government will start next October, a measure that could lead to savings in favor of families. A possible 10% price reduction for the shopping cart in the three months of application of the basket would lead to an average saving of 155.3 euros per quarter for the typical family, of which about 140 euros only for food shopping. Projecting these numbers onto all Italian families, overall savings in the three months of application of the basket would reach a total of 4 billion euros. These are obviously mere estimates which will be affected by various variables, such as the range of products that will be included in the basket, the price cuts made by large retailers and merchants and the adhesion of consumers, but which give an idea of ​​how the reduction of retail price lists impacts on the pockets of the community», concludes Truzzi.