The wholesale gas no longer takes as long to show up on your bill.

The ECB published its economic bulletin and left one thing clear. This rise in wholesale gas prices is now being passed on to consumers and electricity faster than before.

In most Eurozone countries, this impact can show up in inflation within one to three months.

Even so, the pressure on electricity in 2026 has been lower than in 2022. Partly because of the greater share of renewables in power generation.

The data shows that gas is still moving the needle on prices.

Are you surprised that the pass-through is so fast?

$XAU #ECB #Inflación #Gas