Euro Zone Housing Cost May Be Adding More to Inflation Than Thought: Holzmann

A commuter train passes by the skyline with its financial district ahead of the European Central Banks (ECB) governing council meeting later this week in Frankfurt, Germany, on Oct. 25, 2021. Kai Pfaffenbach/Reuters

VIENNA—Housing costs may be adding more to euro zone inflation than once thought, European Central Bank policymaker Robert Holzmann said on Friday, weighing in on a key issue that has been a focus of policymakers this year.

When asked how much owner-occupied housing costs could increase headline inflation, Holzmann, Austria’s central bank chief, said it could raise it by as much as a 0.5 percentage point.