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HomeThe effect of rising energy and consumer prices on household finances, poverty and social exclusion in the EU
A preliminary empirical analysis
The effect of rising energy and consumer prices on household finances, poverty and social exclusion in the EU
A preliminary empirical analysis
Julkaisun metatiedot
This report contains an empirical analysis based on microdata from European household surveys to provide a preliminary assessment of the potential social consequences of increasing energy and consumer prices in the EU. It uses detailed information on recent price developments and the structure of household expenditures to quantify the extent of living cost increases and purchasing power losses in a granular and customised manner across different household types and income groups in the EU. The Report is also the first attempt to calculate the potential effects of rising prices on indicators of material and social deprivation, energy poverty and absolute poverty. It finds that, since August 2021, inflation is predicted to have increased material and social deprivation in the EU by about 2 percentage points on average, while the corresponding increase in energy poverty and absolute poverty may be closer to 5 percentage points. The adverse social effects of inflation are significantly larger in many Central and Eastern European Member States, especially among disadvantaged and/or vulnerable groups. This is likely to further deepen existing gaps in poverty and social exclusion between EU15 and non-EU15 countries, and calls for a strong and coordinated policy response.
- Julkaistu:
- Tekijäorganisaatio (t): Yhteinen tutkimuskeskus (Euroopan komissio)
- Henkilökohtainen tekijät: Menyhért, Bálint
- Aiheet: Sosiaaliala
- Aihe: elinkustannukset , energian hinta , inflaatio , kotitalouksien kulutus , kuluttajahinta , kuluttajatutkimus , köyhyys , ostovoima , syrjäytyminen , tutkimusraportti
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| ISSN 1831-9424 | ISBN 978-92-76-57748-5 | DOI 10.2760/418422 | Luettelonumero KJ-NA-31-257-EN-N |
- Released on EU Publications:
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