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Rising Family Spending: Variable Mortgages, Car Liability, Petrol, Personal Loans, and More

Variable mortgages (+44%), car liability (+26%), petrol (+21%), personal loans (+19%), food spending (+24%), fruit and vegetables (+20%), tourist services (+ 9.4%): here are the family spending items that have risen the most in the last year.
They were calculated by Facile.it and Consumerismo Non Profit according to which Italian families are also about to face an autumn that promises to be “hot” from the point of view of prices.

Looking at the various sectors, the insurance sector showed a +26% in August for a four-wheeled vehicle while things went worse for those who travel on two wheels with a +41%. On the fuel front, the real blow came in August and September: in the week from 18 to 24 September, a full tank, on average, cost 21% more than the previous year for a petrol car, 10% more for a diesel.

Mortgage installments are one of the expenditure items that have grown the most in the last year. An average variable rate loan taken out at the beginning of last year saw the installment increase by 44%. The good news is that the increases may be nearing an end; the peak is expected by December.

The world of consumer credit was also affected by the general increase in the cost of money, the average Tan saw an increase of 19%. The “shopping cart” has suffered the greatest increases in the last two quarters due to the climate, energy and inflation crises. From sugar to olive oil, from potatoes to rice there is an increase of 24.5% with an increase of over 1,100 euros compared to 2022 for a family of 4 people. On average, fruit and vegetables have undergone increases of 20% and Italians will have to take into account an increase of around 8 euros per month (on an average expense of 40 euros per week). (HANDLE).

Read the full article on ANSA.it
2023-09-30 16:28:00
#Italians #affected #price #increases #mortgages #car #liability #insurance

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