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Purchasing power: soaring prices are suffocating Europeans

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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.

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