Munich is groaning under record inflation: this is what the rising prices mean in everyday life

Created: 2022-01-27 07:39

By: Claudia Schuri

Inflation has risen sharply (symbol image) © Fabian Sommer / dpa

Going to the supermarket checkout isn't much fun right now.

Because many products have become more expensive.

The same applies to energy prices: Munich residents expect record inflation.

Munich – Nobody is happy about this record!

Inflation is at its highest level in decades.

The prices for food, fuel & Co. are rising and rising - and there is no end in sight.

Last year alone, consumer prices in Germany increased by an average of 3.1 percent: the highest inflation rate for almost 30 years.

The Bavarian state capital Munich* is also feeling the effects.

The federal government's new annual economic report, which was presented on Wednesday (January 26), states for 2022: "Overall, it is expected that the rise in consumer prices this year will again be significant at an annual average of 3.3 percent."

Munich is feeling the effects of inflation: price comparisons are now more worthwhile than ever

And that applies to all of us, as a look at the product range shows.

Recently, for example, edible fats and vegetables in particular have become more expensive.

An example: According to a price analysis by the price info app – smhaggle, spreadable Meggle butter normally cost 1.79 euros in January 2021 (shelf price).

This January it's 2.79 euros...

Expensive shopping: Julien Schutze from Munich is annoyed by the exorbitant prices in the supermarket.

© Oliver Bodmer

Comparing prices: Julien Schutze does this very carefully.

The people of Munich normally pay between 45 and 50 euros for their weekly shopping.

"You have to look where you can get products cheaply," he says.

"I now buy almost everything at the discount store." He used to go to other shops, but that has now become too expensive for him.

"Only meat from the butcher.

I pay attention to good quality,” he explains.

"I'm glad I have work."

Inflation in Munich: welfare recipients are hit even harder

For everyone who is dependent on social assistance, on the other hand, it is now even more severe than it used to be.

"The standard rate for single people was increased by just three euros to 449 euros at the turn of the year," says Daniel Overdiek from the VdK social association.

This means: “People have just under 15 euros per day.” The VdK offices are already receiving repeated inquiries from members who are in financial difficulties.

"The trend is rising," he says.

The specialists of the "smhaggle" price app have evaluated data from receipts and Internet portals.

© price information app "smhaggle"

Sabine Schuster from the Caritas Association reports something similar: “Anyone who only had a low income is massively affected.

But we also notice in the middle class that more people have problems.” And at the AWO debt advice service, demand has increased by 20 to 30 percent, as Inge Brümmer reports: “People who are in debt are more likely to save on food and everyday things,” she explains.

Munich: Inflation in Germany has made energy costs much more expensive

But it is also about other areas of life.

Andrea Frauscher from the BRK says: "The higher energy prices from 2021 will only become noticeable in the course of this year, when households will receive the utility bills." More and more people could no longer meet the installment obligations - especially in Munich with its exorbitant rents*.

Because: Everything to do with energy has become more expensive in 2021 than in the previous year by more than ten percent.

It's about petrol and diesel, but also about heating.

Yesterday, the highest level ever recorded for diesel was reached at 1.611 euros per liter on a nationwide daily average.

The super gasoline E10 cost 1.681 euros.

Munich resident Cornelia Hirn is also affected by the ever-increasing oil prices.

"Heating oil has become extremely expensive," she complains.

She paid 2200 euros in 2021 – that is 400 euros more than before.

"I'll turn the heating down and put on a thick sweater."