Inflation: Now car tires are getting more and more expensive
Created: 05/16/2022Updated: 05/16/2022 10:44 am
By: Patrick Freiwah
Car tires have become about 20 percent more expensive since the beginning of last year.
© IMAGO/Rainer Droese
The price spiral is also picking up noticeably in the automotive sector.
Anyone who needs new tires will have to dig much deeper into their pockets in 2022.
Munich - The war in Ukraine keeps the world in suspense.
The consequences have also been felt in Germany for a long time: the war in Ukraine is fueling inflation, and prices are rising across the board.
The automotive sector is also one of the sectors where inflation is evident.
In addition to the rising prices for new and used cars, there are also accessories: A new piece of bad news comes from the Federal Association of Tire Trade and Vulcaniseur-Handwerk eV As Stephan Helm, Chairman of the Association of
Automobilwoche
explained, tire prices in Germany have risen by around 20 percent since the beginning of 2021.
Reason are increased costs for personnel and in purchasing.
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Inflation: car tires are becoming more and more expensive - sanctions a serious reason
This development is further accelerated by the Ukraine conflict.
According to Helms, Russia and the Ukraine have so far been the leaders in supplying Europe with synthetic rubber (butyl rubber) and carbon black.
According to the European tire manufacturers association ETRMA, Russia alone supplied up to 40 percent of the required carbon black, but then came the sanctions against Vladimir Putin's country.
The measures ensure that there are problems in production and that tires become more expensive: "These raw materials are of crucial importance for our industry, and there are no alternative supply options in the short term," explains ETRMA Secretary General Fazilet Cinaralp the
automobile week
.
Meanwhile, in the Merkur
interview, top economist Hans-Werner Sinn warns
of difficult years for Germany.
(PF with AFP)
