The organization said that real income of households in the Organization for Economic Cooperation and Development fell 0.5% in the second quarter, marking the decline for the third consecutive quarter directly linked to the inflation spiral that undermines purchasing power.
In a statement issued on Monday, the Organization for Economic Co-operation and Development (OECD) said the decline in this indicator, which measures household disposable income after taxes and social contributions and benefits, is linked to the decline in most member countries. about the available data.
Portugal experienced one of the largest declines in the series of indicators in the second quarter of the less than 20 countries for which statistics are available, with a decline of 2.35%.
The least pronounced decrease was in France (1.2%) and similar in the United Kingdom (1.1%).
In the United States, the decline was 0.4%, while in Italy there were no changes.
Among the major economies, Germany broke the general downtrend with an increase of 0.4%, despite the decline in the “per capita” GDP index by 0.5% in the second quarter.
Real household income aims to give a better idea of the “per capita” GDP of the money available to buy goods and services or to save.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
