15.02.2018 - Studies

Q4-2017: Inflation above 9 per cent


At the end of 2017, the price of assets held by German households rose by 9.3 per cent compared with the previous year. After the records set in the second and third quarters, this is the third record in a row. Even taking into account the recent fall in prices on the stock markets, the year-on-year price increase is still 9.0 per cent.

At the end of 2017, the price of assets held by German households rose by 9.3 per cent which was higher than at the end of the previous year. After the records set in the second and third quarters, this marks the third record high in a row. Even taking into account the recent price drop on the stock markets, the price increase still amounts to 9.0 per cent. Real estate is trading at a new record growth rate of 8.2 per cent year-on-year. Prices for equities (+11.8 per cent) and business assets (+24.1 per cent) have increased substantially. Wealthy households and people close to retirement age continue to benefit the most from rising asset prices, as they have the largest proportion of business assets and real estate.

The Flossbach von Storch asset price index for Germany measures the price development of assets held by German households.

Please note: this study is only available in German.

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