The data of the Misery index Confcommercio (Mic) of August, the index that measures social unrest, has been attested on a value of 16.6, going down of nine tenths of a point compared to the previous month. According to the Confcommercio Office Studies, "the downsizing is attributable to a more contained dynamics of the prices of goods and services to high purchase frequency that in August recorded a variation, on an annual basis, of 7.7% against 8.7% of the previous month. This development is attributable to the sharp fall in fuel prices (-8.9%).
In August 2022, although the official unemployment rate reported a further decline to 7.8% (a tenth of a point lower than in July), signs of a worsening of the labour market consolidated. The figure is a synthesis of a reduction in employment (-74.000 compared to July) and the number of people looking for work (-31.000 in economic terms). This evolution has been associated with a growth of the inactive (+91.000 units in July).
In August, the prices of goods and services with high purchase frequency showed a trend change of 7.7%, slower than 8.7% the previous month, reflecting the sharp decrease in fuel prices. " The first estimates of September indicate a return to more sustained dynamics driven by a progressive increase in food prices" stresses the Studies Office. "In view of the negative signs that are beginning to appear on the employment side, which are expected to deteriorate as a result of an increasingly likely slowdown in the economy and still high inflationary dynamics, fears of a possible expansion of the area of social unrest in the coming months are being consolidated".