Housing rent inflation in the eurozone reached a record high of 2.8% in August 2023, the highest since the euro’s inception, driven by both supply and demand factors, and influenced by regulatory measures, according to the quarterly ECB economic bulletin.
Economic Bulletin Issue 7, 2023
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Rent inflation in the euro area
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The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.