Current EUR inflation: 2.5-3%
Energy inflation: ~4.9% YoY
Food inflation: ~2.4% YoY
Cumulative inflation Eurozone 2021-2026: ~20–30% loss of purchasing power
2.5% on overnight deposits though the cost of living already jumped 20–30% in 5 years and is still rising. That's not growing wealth, that's just slower bleeding.
Plus, Banks suddenly raising savings interest (everywhere you look) is a sign of being short on liquidity. As in, they don't have your money (which WE already know). But that's a different topic.
Energy inflation: ~4.9% YoY
Food inflation: ~2.4% YoY
Cumulative inflation Eurozone 2021-2026: ~20–30% loss of purchasing power
2.5% on overnight deposits though the cost of living already jumped 20–30% in 5 years and is still rising. That's not growing wealth, that's just slower bleeding.
Plus, Banks suddenly raising savings interest (everywhere you look) is a sign of being short on liquidity. As in, they don't have your money (which WE already know). But that's a different topic.
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