Economy

How to Defend Against Inflation at 8%: Advice on Mortgage, Travel, Consumption and Transportation

Mortgage Account

Let’s call it the “Putin tax” or whatever we want: But the bloodshed that comes from energy costs drives up food, transportation, bills, and vacation itineraries. By significantly reducing the purchasing power of families. they are wanted Wise strategies to prevent savings from dwindling To catch up on rising prices without brakes. The June inflation figure validated by Istat, at 8% compared to the same month last year, sets the country back 36 years: to 1986. Among the incompressible expenditures there is certainly Home Mortgage. Fixed 20-year loans now cost about 45 cents more than they did at the beginning of June. This means that for a loan of 150 thousand euros for a house worth 200 thousand, an average of 649 euros is paid over 30 years instead of 605. At the moment, the increase in variable mortgages is much more modest: 15 cents and a higher premium of 10 euros ( 486 to 496). Therefore, there is a large gap in favor of variables that can narrow: For Euribor, the parameter used to determine the monthly premium for variables, the expectation is to rise after the ECB formalizes the rate increase. On July 21, the Eurotower Summit will formalize the decision on a more restrictive monetary policy. With this increase in prices, it is necessary to calm down the economy or else the purchasing power of families will be eroded. But there is a risk of a recession.

Thelma Binder

"Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff."

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close
Close