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In 2024, the average monthly consumption expenditure of Italian households amounted to 2,775 euros, compared to 2,738 euros in 2023, the highest amount since at least 2008. The total annual consumption expenditure was 1.27 trillion euros, an increase compared to 2023. 

Personal care matters to Italians

Interestingly enough, despite the economic crisis and the overall decline in households’ consumption expenditure between 2020 and 2021, Italians seemed to invest increasingly in their personal care. In fact, this expenditure category increased steadily since 2008 and reached a value of over 30.3 billion euros in 2022. 

Expenditure on financial services increasing after stagnation 

Italian households’ consumption expenditure on financial services amounted to almost 30 billion euros in 2008 and decreased to 19.4 billion euros in 2018. However, it increased after the COVID-19 pandemic, reaching 20.4 billion euros in 2022.