Al Jazeera Analysis: Cost of Living in France, Italy, Spain, and Portugal Has Risen Sharply Since 2000
According to an Al Jazeera analysis, prices in France, Italy, Spain, and Portugal have risen by 59% to 78% since 2000, with Spain seeing the largest increase at 78%. In 2022, all four countries recorded their highest inflation rates since at least 2000, primarily driven by soaring energy costs following the Russia-Ukraine conflict. Regarding real wages, Italy experienced a nearly 5% decline between 2000 and 2025, while Spain, France, and Portugal saw increases. Housing affordability generally deteriorated, with Spain's house price-to-income ratio rising by 56% since 2000, and Portugal's by 67% since 2015. Education spending as a percentage of GDP decreased in France and Portugal, remained flat in Spain, and slightly increased in Italy.
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