{"id":133131,"date":"2024-08-19T09:00:27","date_gmt":"2024-08-19T06:00:27","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/eu-cost-of-living-surges-where-are-people-paying-the-most\/"},"modified":"2024-08-19T09:00:27","modified_gmt":"2024-08-19T06:00:27","slug":"eu-cost-of-living-surges-where-are-people-paying-the-most","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/eu-cost-of-living-surges-where-are-people-paying-the-most\/","title":{"rendered":"EU cost of living surges: Where are people paying the most?"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/133131\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The rising cost of living is the most pressing concern for more than 90% of Europeans. Official data sheds light on what&#8217;s behind this growing anxiety. The rising cost of living is the most pressing concern for more than 90% of Europeans. Official data sheds light on the reasons behind this growing anxiety. Household consumption expenditure shows the allocation of spendings made by resident households to meet their everyday needs, such as food, housing (rent), clothing, energy, health and transport.<\/p>\n<p>Housing, water, electricity, gas, and other fuels accounted for the largest share of household consumption in the EU in 2022, representing 24.1%. This was followed by food and non-alcoholic beverages at 13.6%, and transport costs at 12.5%. While the ranking of these categories has remained consistent over the past 20 years, their relative shares have changed over time.<\/p>\n<p>Comparing the shares from 2002 to 2022, the most significant change occurred in housing, which increased from 21.1% to 24.1%. This represents a 3 percentage point (pp) rise over the two decades. This means that, if a household&#8217;s total spending was \u20ac1,000 in 2002, they would have spent \u20ac211 on housing. By 2022, this amount would have risen to \u20ac241.<\/p>\n<p>The increase underscores the growing financial burden of essential living costs on European households, likely to have been driven by rising housing prices and energy costs over the past two decades.<\/p>\n<p>When looking at the percentage change, the share of health expenditures increased by 22%, compared to a 14% increase in housing. However, because the share of housing expenses is significantly larger, the overall impact of the increase in housing costs is much greater. Starting at just above 20% in the early 2000s, the share of household spending on housing and utilities steadily increased, reaching a peak of nearly 25% in 2013. This period experienced the most significant growth, highlighting the rising costs associated with housing and utilities. After a slight decline, the share surged again during the Covid-19 pandemic, reaching a record high of 25.6% in 2020.<\/p>\n<p>The overall increase in housing and utility expenditures over the past two decades indicates that these costs have become an increasingly substantial part of household budgets, reflecting broader economic pressures and shifts in living costs across the EU.<\/p>\n<p>In some countries, the increase has been more pronounced, exceeding 5%. Between 2002 and 2022, Ireland saw the most significant rise, with a staggering increase of 7.1%, followed by Spain and Italy with increases of 6.3% and 5.4%, respectively.<\/p>\n<p>In 10 EU countries, the increase surpassed 4%, highlighting a widespread upward trend across the region. Several Eastern European countries, along with Sweden and the UK, saw falls in the share of expenditure on housing. Romania, in particular, experienced the most significant drop, with a reduction of 4.1%, while Bosnia and Herzegovina and Serbia also saw notable declines.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2024\/08\/19\/eu-cost-of-living-surges-where-are-people-paying-the-most\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/eu-cost-of-living-surges-where-are-people-paying-the-most\/\">EU cost of living surges: Where are people paying the most?<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[15754,606,607,608],"class_list":["post-133131","post","type-post","status-publish","format-standard","hentry","category-news","tag-eu-cost-of-living","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/133131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=133131"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/133131\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=133131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=133131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=133131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}