Skip to content
Purchasing power: soaring prices are suffocating Europeans

Published on :

The purchasing power of Europeans is at its worst. In question, a spectacular increase in the price of gas which is reflected on the whole of the energy bill of the households. More 18% in August! In reaction, Italy, Spain, Greece, the Netherlands and even France have taken interventionist measures to soften the surge in prices. Annual inflation continues to rise and reached 3% in August for the euro area, the highest in ten years. The pressure on the ECB is increasing to reduce its support for the European economy in order to contain prices.

On the wage front, no increase in sight, which brings the issue of a European minimum wage back to the forefront, an issue that the French EU presidency wishes to carry in the first half of 2022. The pandemic has increased a little more social inequalities and demonstrations on purchasing power are multiplying on the Old Continent.

Program prepared by Perrine Desplats, Isabelle Romero, Yi Song and Céline Schmitt.

The project was co-financed by the European Union within the framework of the European Parliament grants program in the field of communication. The European Parliament was not involved in its preparation and is in no way responsible for or bound by any information, information or views expressed in connection with the project for which only the authors, individuals interviewed, the editors or broadcasters of the program are responsible in accordance with applicable law. Nor can the European Parliament be held liable for any damage, direct or indirect, which may result from the implementation of the project.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.