Purchasing power is expected to decline sharply this year. The Central Planning Bureau (CPB) will present three scenarios on Wednesday, the middle of which is based on an average decrease of 2.7 percent. Sources from The Hague confirm this following a report from RTL Nieuws. Further details about the scenarios are not yet available.
It was already clear that households will have less left over than last year, given the enormous increases in energy bills and fuel prices alone. Many groceries are also becoming more expensive, because producers pass on the rising prices of raw materials, energy and transport to consumers.
The cabinet, which assumed purchasing power at virtually the same level when it took office in January, is under great pressure to compensate households for the soaring inflation. It must become clear by the Spring Memorandum at the latest which measures can be taken to this end, but the coalition parties in the House of Representatives are already pressing for more urgency.
However, Minister Sigrid Kaag (Finance) warned once again on Tuesday that there are no easy and quick solutions. “We are now working out what might be possible for people who get into trouble, the most vulnerable,” she said in an interview with RTL Z. “But it is a fact that we will experience a collective loss of prosperity.”
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