reálhozamot

The reálhozam, often translated as real yield or real return, is a key concept in finance and economics that measures the profitability of an investment after accounting for inflation. It represents the actual increase in purchasing power an investor experiences over a period, rather than just the nominal increase in the value of the investment.

To calculate the reálhozam, one subtracts the inflation rate from the nominal yield of an investment. For instance, if an investment yields 5% nominal return and the inflation rate is 3%, the reálhozam is 2%. This means that while the investment grew by 5% in monetary terms, its purchasing power only increased by 2% due to the rise in prices.

Understanding reálhozam is crucial for making informed investment decisions. A high nominal yield might appear attractive, but if inflation erodes a significant portion of that gain, the real return could be meager or even negative. This concept is particularly important when considering long-term investments, as inflation can compound over time, significantly impacting the real value of future returns. Central banks and policymakers also monitor real yields to assess the effectiveness of monetary policy and its impact on economic growth and investment.