Q1-2015: Asset prices on record hunt

At +7.3% in the first quarter of 2015, asset price inflation is on its way to a new record high compared with the same quarter of the previous year. The gap to stagnating consumer prices and falling producer prices is greater than ever before.

The price increase was driven by equity prices, which recorded the strongest increase of +21.3% compared to the same quarter of the previous year, followed by collectors’ and speculative items (+19.1%) and business wealth (+15.2%).

The asset prices of wealthy households have risen much more strongly than those of poorer households, so that the divergence in the development of assets within the population continues to increase.

Please note: This study is available in German only.