unmerciful inflation shock The financial situation of the last two years has been affected all familiesbut not all are equal. HE 25 of them houses lower income suffered 1.8 points Higher-than-inflation percentages overall 2021 and 2022 this is 25% rich households. The same “material difference” Among the families whose members have the highest income, 1.8 points occurred. more than 60 years with regard to household heads less than 40 years. Highlighted this Wednesday Governor of the Bank of SpainPablo Hernández de Cos at the annual congress of the European Economic Union in Barcelona.
Thus, households faced accumulated inflation. 11.5 percent points In the sum of 2021 and 2022. However, for 25% of households less rent he was 12.4 points percentages compared 11.5 points 50 percent of families intermediate income And 10.6 points 25% of families richer. According to age, CPI accumulated in two years 10.6 points for head of household less than 40 years11 points between the ages of 40-60, 12.4 points for over 60.
“Since then the people different ages, income levels and wealth I usually consume different product and service basketsThe increase in prices that are heterogeneously distributed among these goods and services will affect to these individuals different. Those who consume higher rates of goods and services that experience higher price increases will have higher individual or expenditure-adjusted inflation rates because the cost of consumption baskets increases proportionally more. Therefore, they will have an experience greater decline in real wealth“, explained Hernández de Cos.
energy and nutrient weight
houses the poorestthere is plenty, there is more weight in your shopping cart energy And foodTwo components that have become more expensive in recent years. A similar situation is experienced in elderly families, but in this case – the governor underlined – rise behind pension suitable for inflation balancing the blow in their economic situation, something that does not occur with families dependent on wages, because they are only “partially” adjusted for the rise in prices.
Hernandez de Cos was equally lax: measures taken by the government To offset the effects of the inflation shock very general. Measures against most vulnerablepointed, they just assume they’re in between 15% and 20% of budget cost Estimated total for the period 2021-2025. He pointed out that interest rate hikes will continue with the European Central Bank (ECB) trying to fight inflation high surplus spending to pay areas of interest family loans high income Compared to low-income (2.2%) (1.1%), those with low incomes owe less (banks provide them with less financing) and have fewer floating rate loans.