Q4-2018: Price erosion in the fourth quarter

Although the asset price index rose by 0.9 % in 2018, in the fourth quarter prices for the assets owned by German households fell by 2.7 %. Falling prices for business and financial assets were the main reasons for this development. The wealthiest households and households shortly before retirement suffered a slight fall in the asset prices due to a high proportion of business wealth. For the first time since 2012, consumer price inflation has again exceeded asset price inflation.

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