BUYING POWER
This graph shows the impact of this on the purchasing power of the organisations (at least with respect to their Flemish subsidies). The red line shows the percent increase in the Consumer Price Index since 2001. Life became 35% more expensive between 2001 and 2014. The blue line shows the median subsidy funding of performing arts structures. In absolute figures, this declined from approximately 450,000 euro to slightly more than 300,000 euro. If we make a correction based on the Consumer Price Index, we see that median purchasing power has fallen by about 50%.