Price jumps in net cold rents and housing costs

Net rents increased by an annual average of 1.8% in 2022. According to the Federal Statistical Office, general consumer prices rose by 7.9% compared to the previous year. According to the statisticians, the historically high annual inflation rate was primarily driven by the very high price jumps since the start of the war in Ukraine. In 2022, household energy in particular recorded an inflation rate of 39.1 %. Prices for light heating oil (+87.0%) and natural gas (+64.8%) rose particularly sharply; electricity cost 20.1% more than in 2021. Overall housing costs, including the cost of water, electricity and fuel, rose by 9.9% as a result in 2022; in December, inflation was 9.3% compared to the same month in the previous year, while rents rose by 1.9%.