Rent inflation in the euro area

Rodolfo Arioli, Elena Bobeica, Moreno Roma and Michel Soudan

Economic Bulletin Boxes, 2023, vol. 7

Abstract: This box describes recent developments in housing rents in the euro area, also comparing them with developments in the United States. In the post-COVID period, increases in euro area rents have been moderate, despite a notable pick-up since mid-2022. This stands in contrast to the United States, where rent inflation has been a key driver of the post-pandemic inflation surge. Such differences are linked not only to measurement issues, but also to structural features of the housing market and regulatory specificities. Rent regulation is more prevalent in the euro area, where such institutional features have so far acted as a brake on rent rises. JEL Classification: E31, R21, R31

Keywords: core inflation; euro area; Rents; United States (search for similar items in EconPapers)
Date: 2023-11
Note: 2382002
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