In 2022, stock investment forms were considered among the most suitable for counteracting inflation in Germany by all age groups represented in this graph. The options were especially popular among respondents aged ***** years old.

In 2023, various stock investment forms were considered among the most suitable for counteracting inflation in Germany by around ** percent of women and almost ** percent of men. Real estate was also high up on the list.

As of April 2022, ** percent of survey respondents stated government bonds were a less attractive investment product compared to six months ago. Cash investments came in second place with ** percent of respondents stating this investment type was less attractive. Cash investments are typically highly liquid. Investors typically allocate funds to savings accounts, money market funds, or certificates of deposit.

Graph and download economic data for Producer Price Index by Commodity: Investment Services: Portfolio Management (WPU402101) from Dec 2008 to Aug 2025 about management, investment, commodities, services, PPI, inflation, price index, indexes, price, and USA.

Inflation - a persistent increase in the price level- threatens people’s financial well-being by reducing the purchasing power of money, cutting into the future value of savings, and, when unexpected, lowering the real rate of return on investments. To protect their holdings, people take great pains to find investments whose returns exceed the inflation rate, such as stocks, bonds, and numerous other financial instruments. But when their returns are corrected for inflation, investors often see negative numbers.

Dataset

This dataset was created by Ricardo de Deijn

Contents

Dataset

This dataset was created by Timal Peramune

Contents

Graph and download economic data for Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed (RIFLGFCY20XIINA) from 2004 to 2024 about 20-year, TIPS, maturity, investment, Treasury, yield, securities, interest rate, interest, real, rate, and USA.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 5-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed (FII5) from Jan 2003 to Nov 2025 about TIPS, maturity, Treasury, securities, 5-year, interest rate, interest, real, rate, and USA.

Inflation-Linked Structured Notes Market Outlook

According to our latest research, the global Inflation-Linked Structured Notes market size reached USD 78.4 billion in 2024, reflecting robust investor demand and heightened awareness of inflationary risks. The market is currently experiencing a strong compound annual growth rate (CAGR) of 7.1% and is projected to expand to USD 145.7 billion by 2033. This significant growth trajectory is primarily driven by increased volatility in global inflation rates, a shift toward inflation-hedged investment products, and evolving regulatory frameworks that favor structured financial solutions.

The growth of the Inflation-Linked Structured Notes market is being propelled by several key factors. One of the most prominent drivers is the resurgence of inflationary pressures across major economies, which has prompted both institutional and retail investors to seek effective hedging mechanisms. As central banks grapple with persistent inflation, traditional fixed-income products have lost their appeal due to eroding real returns. Inflation-linked structured notes, with their embedded inflation protection features, provide a compelling alternative by offering returns that are directly tied to inflation indices, thus preserving purchasing power. Moreover, the increasing sophistication of investors, coupled with greater access to financial education, has led to a surge in demand for customized structured products that align with specific risk-return profiles.

Another significant growth factor is the rapid innovation in product design and the broadening of underlying asset classes available for inflation-linked structured notes. Financial institutions are leveraging advanced analytics and financial engineering to craft notes that cater to diverse investment objectives, ranging from capital preservation to enhanced yield generation. The integration of government bonds, corporate bonds, equities, and commodities as underlying assets has expanded the appeal of these notes, attracting a wider spectrum of investors. Additionally, the proliferation of digital distribution channels and fintech platforms has democratized access to structured notes, enabling retail investors to participate alongside their institutional counterparts. This technological advancement has also streamlined the issuance and management process, reducing operational costs and enhancing transparency.

Regulatory developments are further shaping the trajectory of the Inflation-Linked Structured Notes market. In response to the 2008 financial crisis and subsequent market disruptions, regulators have implemented stricter transparency and disclosure requirements for structured products. These measures have bolstered investor confidence and encouraged greater participation, particularly among risk-averse segments. Furthermore, regulatory frameworks in regions such as North America and Europe are increasingly supportive of innovative financial instruments that offer inflation protection, thereby fostering a conducive environment for market expansion. As a result, market participants are witnessing a steady influx of new product issuances and a growing appetite among both institutional and retail investors.

Equity-Linked Notes have emerged as a notable addition to the structured finance landscape, offering investors a unique blend of equity market exposure and structured note benefits. These instruments are designed to provide returns linked to the performance of specific equities or equity indices, allowing investors to participate in potential market upside while often incorporating protective features to mitigate downside risk. The appeal of Equity-Linked Notes lies in their ability to customize risk-return profiles, making them attractive to both conservative and aggressive investors. As financial markets continue to evolve, the demand for such tailored investment solutions is expected to grow, driven by investors' desire for diversification and enhanced yield potential.

From a regional perspective, North America and Europe continue to dominate the Inflation-Linked Structured Notes market, accounting for a significant share of global issuance and trading volumes. The United States, in particular, benefits from a mature financial ecosystem and a high concentration of institutional investors seeking inflation-hedg

Turkey IG: Inflation Rate: Next 12 Mth: Number of Answers data was reported at 312.000 % Point in Apr 2020. This records a decrease from the previous number of 323.000 % Point for Mar 2020. Turkey IG: Inflation Rate: Next 12 Mth: Number of Answers data is updated monthly, averaging 323.000 % Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 362.000 % Point in Oct 2017 and a record low of 135.000 % Point in Jan 2007. Turkey IG: Inflation Rate: Next 12 Mth: Number of Answers data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S017: Business Tendency Survey: Investment Consumer Goods: Weighted: NACE Rev2.

Inflation-Linked Structured Notes Market Outlook

According to our latest research, the global inflation-linked structured notes market size reached USD 92.8 billion in 2024, reflecting the growing demand for inflation-hedged investment products amid persistent economic uncertainty. The market is projected to expand at a robust CAGR of 6.7% from 2025 to 2033, with the total market value forecasted to hit USD 167.1 billion by 2033. This sustained growth is primarily driven by heightened investor awareness of inflation risks, increased volatility in traditional asset classes, and the proliferation of innovative structured note products catering to diverse investor profiles.

One of the primary growth factors fueling the inflation-linked structured notes market is the global resurgence of inflationary pressures, which has compelled investors to seek out instruments that can provide both principal protection and real returns. Central banks across major economies have either maintained or hiked interest rates in response to persistent price increases, prompting institutional and retail investors alike to rebalance their portfolios towards inflation-sensitive assets. Inflation-linked structured notes, with their ability to deliver returns indexed to inflation benchmarks, have emerged as a preferred choice for investors seeking to preserve purchasing power without sacrificing yield. As inflation expectations remain elevated, demand for these notes is expected to remain strong across both developed and emerging markets.

Another significant driver is the ongoing innovation within the structured products industry, which has led to the introduction of more sophisticated inflation-linked notes tailored to specific risk-return appetites. Financial engineers have developed products such as digital notes, callable notes, and zero-coupon variants that offer varying degrees of exposure to inflation, credit, and equity risks. This product diversification has expanded the addressable market, attracting a broader spectrum of investors, from risk-averse institutions to yield-seeking high net worth individuals. Additionally, advancements in digital platforms and distribution channels have democratized access to these products, enabling retail investors to participate in previously inaccessible structured note offerings. This democratization is further supported by improved transparency, regulatory oversight, and investor education initiatives.

The market's growth is also underpinned by the increasing integration of inflation-linked structured notes into institutional investment strategies, particularly among pension funds, insurance companies, and sovereign wealth funds. These entities face long-term liabilities that are highly sensitive to inflation, making inflation-linked products a natural hedge. The growing sophistication of risk management frameworks and portfolio construction tools has allowed institutions to incorporate structured notes more effectively, optimizing their risk-adjusted returns. Furthermore, the entry of non-traditional players such as fintech firms and digital banks into the structured notes market has spurred competition and innovation, enhancing product offerings and reducing costs for end-users.

Regionally, North America and Europe continue to dominate the inflation-linked structured notes market, accounting for a combined share of over 60% in 2024, according to our analysis. This dominance is attributed to the mature financial markets, high levels of investor sophistication, and well-established regulatory environments in these regions. However, the Asia Pacific region is witnessing the fastest growth, driven by rising affluence, expanding capital markets, and a growing awareness of inflation risks among investors. Latin America and the Middle East & Africa are also emerging as important markets, supported by economic reforms and increasing participation of institutional investors. The regional dynamics are expected to evolve further as global macroeconomic conditions shift and regulatory frameworks adapt to new market realities.

Product Type Analysis

The inflation-linked structured notes market is segmented by product type into zero-coupon notes, coupon-bearing notes, callable notes, digital notes, and others. Zero-coupon notes have gained traction among conservative investors seeking inflation protection without periodic income payouts. These notes are typically issued at a discount and matu

Graph and download economic data for Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed (RIFLGFCY30XIINA) from 2010 to 2024 about TIPS, 30-year, maturity, investment, Treasury, yield, securities, interest rate, interest, real, rate, and USA.

This file contains raw extrapolated yearly foreign direct investment data sourced from the World Development Indicators (WDI) platform of the DataBank of World Bank of Brazil, Nigeria, China, the Netherlands, Australia and the US. Also included are the historical inflation rate and exchange rate data.

Downloaded data from EPA's Bipartisan Infrastructure Law (BIL) & Inflation Reduction Act IRA) Awards & Selections Map. As described by the Agency: "This interactive map allows users to explore the historic investments made in the health, equity, and resilience of American communities under the Bipartisan Infrastructure Law and Inflation Reduction Act. With unprecedented funding to support our national infrastructure, EPA is working to improve people’s health and safety, help create good-paying jobs, and increase climate resilience throughout the country. This map includes awarded Bipartisan Infrastructure Law and Inflation Reduction Act investments and an abridged version of Inflation Reduction Act award selections. Awarded data is updated daily." [Quote from https://www.epa.gov/invest/investments-epa-under-bipartisan-infrastructure-law-and-inflation-reduction-act]

Turkey IG: Inflation Rate: Next 12 Mth: Weighted Average data was reported at 13.300 % Point in Apr 2020. This records an increase from the previous number of 13.100 % Point for Mar 2020. Turkey IG: Inflation Rate: Next 12 Mth: Weighted Average data is updated monthly, averaging 8.250 % Point from Jan 2007 (Median) to Apr 2020, with 160 observations. The data reached an all-time high of 31.400 % Point in Nov 2018 and a record low of 5.600 % Point in Jun 2013. Turkey IG: Inflation Rate: Next 12 Mth: Weighted Average data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.S017: Business Tendency Survey: Investment Consumer Goods: Weighted: NACE Rev2.

Inflation-Linked Project Bonds Market Outlook

As per our latest research, the global inflation-linked project bonds market size reached USD 82.4 billion in 2024, reflecting the increasing appetite for inflation-hedged investment instruments amid macroeconomic volatility. The market is expanding at a robust CAGR of 7.1% and is forecasted to achieve a value of USD 153.7 billion by 2033. This growth trajectory is primarily fueled by heightened infrastructure spending, growing concerns over inflationary pressures, and the rising demand for resilient financing mechanisms in both developed and emerging economies. The evolution of inflation-linked project bonds is significantly transforming project financing, providing both issuers and investors with innovative tools to mitigate inflation risks while supporting crucial infrastructure development.

One of the primary growth drivers for the inflation-linked project bonds market is the persistent global inflationary environment, which has prompted both public and private sector entities to seek financing mechanisms that offer protection against the erosion of real returns. Governments and institutional investors are increasingly favoring inflation-linked project bonds as a strategic hedge, particularly in long-term infrastructure projects where cost overruns due to inflation can severely impact financial viability. The ability of these bonds to adjust principal and interest payments in line with inflation indices such as the Consumer Price Index (CPI) makes them an attractive option for projects with extended timelines, such as energy, transportation, and water management. This inflation-hedging feature not only ensures the sustainability of project cash flows but also enhances investor confidence, driving the consistent expansion of the market.

Another significant factor propelling the market is the surge in global infrastructure investment, especially in emerging markets where rapid urbanization and population growth are necessitating massive upgrades in transportation, energy, and social infrastructure. Inflation-linked project bonds are increasingly being utilized to finance these capital-intensive projects, as they provide a stable and predictable return structure for investors, even in volatile economic conditions. The availability of inflation-linked instruments has also enabled governments to attract a broader array of investors, including pension funds and insurance companies, who are seeking long-term, inflation-protected assets. This influx of capital is crucial for bridging the infrastructure financing gap, particularly in regions where traditional funding sources are constrained by fiscal limitations or credit risk concerns.

Technological advancements and financial innovation are further catalyzing the adoption of inflation-linked project bonds. The integration of sophisticated risk management tools, transparent pricing mechanisms, and digital issuance platforms has streamlined the structuring and distribution of these bonds, making them more accessible to a diverse investor base. Additionally, the growing involvement of multilateral agencies and development banks in structuring and guaranteeing inflation-linked bonds has enhanced their credibility and reduced perceived risks, especially in frontier markets. These developments are not only broadening the marketÂ’s geographical reach but also fostering a more competitive and dynamic landscape, encouraging further innovation and expansion.

In the realm of inflation-hedged investment instruments, Treasury Inflation-Protected Securities (TIPS) have emerged as a vital component for investors seeking to safeguard their portfolios against inflationary pressures. TIPS are government-issued bonds that adjust their principal value in line with inflation, as measured by the Consumer Price Index (CPI). This unique feature ensures that the real value of the investment is preserved, offering a reliable hedge against the erosion of purchasing power. The growing interest in TIPS is reflective of the broader trend towards inflation-linked securities, as investors increasingly prioritize stability and predictability in their investment strategies. The integration of TIPS into diversified portfolios is not only enhancing resilience but also aligning with the evolving demands of institutional investors who are navigating complex economic landscapes.

Inflation-Linked Project Bonds Market Outlook

According to our latest research, the global inflation-linked project bonds market size stood at USD 82.6 billion in 2024, supported by a robust annual growth rate. The market is expected to expand at a CAGR of 7.2% from 2025 to 2033, reaching a forecasted value of approximately USD 155.6 billion by 2033. This growth is primarily driven by rising demand for inflation-hedged investment instruments amid fluctuating macroeconomic conditions, increasing infrastructure investments, and the proliferation of public-private partnership models in both developed and emerging economies.

A major growth factor for the inflation-linked project bonds market is the persistent global inflationary environment, which has led investors and project sponsors to seek instruments that can offer real returns and capital protection. Inflation-linked project bonds, by design, adjust their principal and interest payments in line with inflation indices, ensuring that the real value of returns is preserved. This feature is particularly attractive in periods of economic uncertainty and rising price levels, as it mitigates the erosion of purchasing power commonly associated with traditional fixed-income securities. Furthermore, governments and supranational agencies are increasingly favoring inflation-linked bonds to finance long-term infrastructure and energy projects, recognizing their appeal to a broader investor base seeking inflation protection.

Another significant driver is the burgeoning need for infrastructure development worldwide, particularly in emerging markets across Asia Pacific, Latin America, and Africa. Governments are under immense pressure to upgrade transportation networks, energy systems, and water and waste management facilities to support urbanization and economic growth. However, public budgets are often constrained, prompting the adoption of innovative financing mechanisms such as inflation-linked project bonds. These instruments not only attract institutional investors with a long-term investment horizon but also align the interests of all stakeholders by linking returns to economic variables. The predictability and transparency of inflation-linked bonds make them an ideal vehicle for funding large-scale projects with long gestation periods, thereby fueling market expansion.

Technological advancements and evolving regulatory frameworks are also contributing to the growth of the inflation-linked project bonds market. The digitization of bond issuance and trading platforms has enhanced market accessibility and transparency, reducing entry barriers for both issuers and investors. Simultaneously, regulatory initiatives aimed at promoting sustainable finance and green infrastructure are encouraging the issuance of inflation-linked bonds for environmentally significant projects. As sustainability becomes a central theme in global finance, inflation-linked project bonds are increasingly structured to support renewable energy, climate resilience, and other ESG-linked objectives, further broadening their appeal and driving market growth.

From a regional perspective, North America and Europe remain dominant markets for inflation-linked project bonds, owing to their mature financial markets, stable regulatory environments, and extensive infrastructure needs. However, Asia Pacific is emerging as the fastest-growing region, propelled by rapid urbanization, government-led infrastructure programs, and increasing participation from multilateral agencies. The Middle East and Africa, while smaller in absolute terms, are witnessing steady growth as governments seek diversified funding sources for ambitious infrastructure agendas. Latin America, with its ongoing reforms and infrastructure gaps, also presents significant opportunities. The regional landscape is characterized by varying degrees of market maturity, regulatory sophistication, and investor appetite, shaping the overall growth trajectory of the global inflation-linked project bonds market.

Bond Type Analysis

The bond type segment of the inflation-linked project bonds market is broadly categorized into fixed rate, floating rate, and zero-coupon bonds. Fixed rate inflation-linked project bonds remain a popular choice among conservative investors, as they offer stable returns with principal and interest payments indexed to inflation. This structure provides clarity and predictability, making it attractive for long-term infr

Inflation occurs when there is a sustained increase in the general price level of goods and services in an economy over time. It impacts various aspects of the economy, including purchasing power, consumer behaviour, savings, and investment. Moderate inflation is typically a sign of a healthy, growing economy, as it encourages spending and investment. However, high or unpredictable inflation can erode the value of money, disrupt financial planning, and lead to economic uncertainty.

To analyze the impact of inflation, we need to compare it with other economic indicators. So, to analyze the impact of inflation on the economy, we will compare it with the exchange rates over time. This comparison is important because exchange rates are influenced by inflation differentials between countries, such that higher inflation in a country generally leads to a weaker currency relative to countries with lower inflation.

Index Time Series for Lyxor UCITS EuroMTS Inflation Linked Investment Grade DR. The frequency of the observation is daily. Moving average series are also typically included. NA