This pattern is in complete conformity with global historical precedents, a point to which I shall return in the discussion of “big picture” issues. This is exactly the kind of dynamic that has been seen in the Indian economy for products like two-wheelers, automobiles, various consumer durables and a host of others.
We already share some data with researchers and other institutions, with appropriate and adequate protection of confidentiality, of course. Within the Eurosystem’s Household Finance and Consumption Survey (HFCS), Italian data are available on request alongside those of other euro-area countries.