Q4-2016: Asset prices rise faster than consumer prices

By the end of 2016, asset prices had risen by 4.5% year-on-year. Consumer price inflation, at +1.2% over the same period, is clearly lagging behind.

While real estate prices continue to rise rapidly (+6.3%), prices for business wealth only rose by 2.3% year-on-year. Shares become 3.9% more expensive, bonds only 0.4%. Other financial assets increased considerably by 10.5%. The prices of assets held by middle-class households rose by 4.7% year-on-year due to a high proportion of real estate assets.

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