The price of housing can rise even faster than incomes.
Housing is only a part of the basket used to measure inflation. Housing's price rose faster than the weighted basket average, some other goods and services rose slower or even fell.
Housing is only a part of the basket used to measure inflation. Housing's price rose faster than the weighted basket average, some other goods and services rose slower or even fell.
As long as accommodation isn't 100% of your basket of goods and services you use to measure inflation, accommodation can rise in price faster (or slower) than the basket. This ain't exactly rocket science.
You cannot have rising inflation adjusted wages and worse spending power, unless the inflation is not being measured meaningfully.
Samsung TV purchasing power has skyrocketed, though, so there's that.