The Rent Surge: From Zero to 11%
The rent index stayed at 0.0% for 28 consecutive months and then jumped to 11.4% — three times the general inflation rate, and well above the eurozone.
FLAMPOURARIS MICHAIL
Certified Technical Analyst (MSTA) and financial/sports writer with expertise in capital markets, trading systems and trading strategies.
Graduate of the Department of Statistics of the London School of Economics and Finance of ALBA Business School.
Graduate of the Department of Statistics of the London School of Economics and Finance of ALBA Business School.
Who Paid for Inflation
In 2022, profits contributed 3.9 out of the 6.3 percentage points of inflation and wages 0.3. From 2024 this reverses — and the average real wage remains below 2019.
The Inflation that Leaves and the Inflation that Stays
The shock of 2022 came from goods and has now passed. However, core inflation has not fallen below 3% for two years, and services are outpacing goods.
Inflation is Falling, Prices are Rising
Inflation fell from 12.1% to 3.4%. However, the price level has been rising since 2021 at an annual rate of 4.3%, compared with 2.3% during the euro era — a doubling in sixteen years rather than thirty.
Is cheap money backfiring?
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