In the first quarter of 2017, German household asset prices rose by 6.5% year-on-year. While the rally in the real estate market continued (+5.8%), prices for business assets rose by 14.1% year-on-year. Shares rose most sharply by 17.6%.

Asset prices in the Euro area increased by 2.9% and 2.4% year on year in the third and fourth quarter of 2016, respectively.

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.

In the first and second quarter of 2016 wealth price in the Euro area rose by +0.5% and +0.7% from the same quarter of the preceding year. Despite a low price growth rate for the Euro area there is a wide and dynamic disparity between the countries.

At +5.8% year-on-year, asset price inflation is rising again and is now at its highest level in 2016.

After a moderate start to the year, asset prices rose by 4.2% year-on-year in Germany at the end of the second quarter of 2016. While tangible assets rose by 5.7%, financial assets fell by 2.0%.