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Inflation: These consumers in Germany are hit the hardest

2022-01-24T04:27:21.104Z


Inflation: These consumers in Germany are hit the hardest Created: 2022-01-24 05:23 By: Franziska Schwarz Inflation hits certain households particularly hard (symbol image). © Martin Wagner/Imago In Germany, households are affected by inflation to varying degrees, depending on their income and the number of members. Düsseldorf - Inflation hits everyone in Germany, but certain households more


Inflation: These consumers in Germany are hit the hardest

Created: 2022-01-24 05:23

By: Franziska Schwarz

Inflation hits certain households particularly hard (symbol image).

© Martin Wagner/Imago

In Germany, households are affected by inflation to varying degrees, depending on their income and the number of members.

Düsseldorf - Inflation hits everyone in Germany, but certain households more than others.

An investigation published on January 21 shows it.

She comes from the Institute for Macroeconomics and Business Cycle Research (IMK) of the Hans Böckler Foundation.

Last month, prices for middle-income families with children and middle-income couples without children rose 5.5 percent.

For comparison: the average value for all household types was 5.3 percent.

Inflation in Germany: Singles are most likely to be spared

On the other hand, single people with low incomes had the lowest household-specific inflation rate of 4.4 percent, according to the IMK.

"Even for singles with high and middle incomes, the rates of 4.7 and 5.0 percent in December were slightly below the general price increase."

In family households with two children and low income, it was 5.3 percent, in families with higher income 5.4 percent.

How is inflation affecting consumers?

monitor planned

The specific inflation rate of households was measured using a basket of goods that is representative for them.

This takes into account typical consumer goods and weights household expenses accordingly.

The IMK intends to determine the inflation rates for eight representative household types on a monthly basis and publish them in a so-called inflation monitor.

"We expect that inflation will weaken noticeably again in the current year," said Silke Tober from the IMK, according to the announcement.

Nevertheless, inflation is a burden on households in Germany.

Basically, low-income households have a particular problem because they mainly buy essential everyday goods and have little leeway to fall back on their savings.

(frs/dpa/AFP)

Source: merkur

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