2023-11-27 19:48:29
Retirees in Italy will see their pensions increase by 5.4% from January 1, 2024, the Ministry of the Economy announced on Monday. The revaluation was calculated based on the percentage of the increase in consumer prices provided by the National Institute of Statistics (Istat) at the beginning of November, he said in a press release.
In Italy, pension increases are automatically indexed to inflation. After reaching 5.3% in September, the rise in consumer prices in Italy had suddenly slowed in October, falling to 1.7% year-on-year, the lowest since July 2021, according to figures published in mid-2021. november. Inflation has decelerated thanks to the fall in energy prices and the lower price of food products.
The revaluation of pensions for 2023 was set last November at 7.3%. The Minister of the Economy Giancarlo Giorgetti then estimated that pension increases should cost the Italian state more than 50 billion euros over the period 2022-2025.
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