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Este estudio, encargado por el Departamento Temático de Derechos de los Ciudadanos y Asuntos Constitucionales del Parlamento Europeo a petición de la Comisión PETI, analiza el impacto de la crisis actual del coste de la vida y de la energía en el nivel de vida de las personas con discapacidad. Basado en las pruebas disponibles, ofrece una visión general de la legislación, las medidas políticas y los regímenes que ayudan a las personas con discapacidad y a sus familias a hacer frente al aumento del ...

Inflation has risen to levels not seen in 40 years in the euro area or in many other countries, forcing some central banks to raise interest rates in a context that bodes ill for economic growth. Initially driven by post-pandemic supply shortages and then by soaring energy prices, following Russia's invasion of Ukraine, inflation is now becoming increasingly broadly based, affecting everything from food and services to household goods. Dissatisfaction with the rising cost of living is leading to ...

Housing and the Cost of Living

Análisis en profundidad 29-10-2021

The Harmonised Index of Consumer Prices (HICP), which constitutes the sole official measure of inflation in the euro area, leaves out an important part of household expenditure, namely the cost of owner-occupied housing (OOH). Most other developed economies include estimates of OOH in their consumer price index. The existing, even if imperfect, indicator available today from Eurostat should be included immediately in the HICP. It is unacceptable that Eurostat and the Commission have not been able ...

We discuss the full inclusion of the owner-occupied housing costs (OOHCs) in the EU's harmonised index of consumer prices (HICP). We briefly review the main methods used for including these costs into consumer price indices, and in particular the reasons why the EU authorities prefer to adopt the net acquisitions approach rather than the rent equivalence approach, as other major countries did. We also argue that in the current scenario an acceleration of the EU's roadmap towards a full inclusion ...

Owner-occupied housing costs represent an important expenditure for households and should be included in the Harmonised Index of Consumer Prices. Conceptual and practical challenges must be resolved before this can be implemented. Estimates suggest that these costs would have a small impact on monetary policy. At the same time, different degrees of home ownership in the euro area mean that their inclusion may affect countries differently. Significant complementarity with other EU policies, like financial ...

How should housing be treated in the HICP?

Análisis en profundidad 29-10-2021

The ECB has approved a plan to include a measure of the cost of owner-occupied housing in the HICP. This paper reviews the various methodologies that are used to incorporate this element into consumer price indices. It recommends the use of a rental equivalence approach rather than the net acquisitions approach currently used in Eurostat’s experimental price index of owner-occupied housing. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at ...

This publication analyses the current situation and key challenges with regard to housing affordability in the EU, as well as policies to ensure access to affordable housing at national and EU levels. After assessing the key trends, the authors also provide recommendations for policy makers and stakeholders on improving the affordability of housing. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Employment ...

The existing framework for providing harmonised indices of consumer prices, which is an essential part of the European Union's economic governance, consists of a patchwork of regulations deemed by many to be cumbersome and outdated. The European Commission has proposed to modernise the framework and to streamline its elements into a single new regulation.