Purchasing power will be brought into sharp relief by multiple coming price increases

European countries are going to be faced with multiple price increases: Energy prices, due to the rise in the price of CO 2 and the high price of renewable energies; Higher housing costs, due to the rise in real estate prices; Higher prices for services that use low-skilled labour, in the event the lowest wages are increased, which seems likely; Higher prices for goods whose production has been reshored; Higher prices for imported products if Europe implements a border adjustment to offset low carbon prices or the low generosity of social welfare in emerging countries. These multiple price increases will erode purchasing power, which is already perceived as low, bringing the issue of household purchasing power into sharp relief.