Purchasing power of Italian wages down 4.5% in 10 years

(ANSA) - ROME, MAY 15 - The purchasing power of wages in Italy decreased by 4.5% between 2013 and 2023, Istat said in its annual report on Wednesday.
    The national statistics agency said purchasing power had increased in the same period in the other major EU economies, with a 1.1% rise in France and 5.7% increase in Germany.
    "Despite the improvements observed in the labour market in recent years," the report said, referring to an increase in the number of people in work, "Italy retains a very high share high share of employed people in economically vulnerable conditions".
    (ANSA).