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Inflation at record highs in 2022: deceleration at the end of the year

2023-01-03T14:29:01.945Z


Inflation at record highs in 2022: deceleration at the end of the year Created: 03/01/2023 15:21 A crumpled receipt lies in a shopping cart. © Annette Riedl/dpa/symbol image Although the high inflation rate in Rhineland-Palatinate weakened in December, it reached a record high for 2022 as a whole. As reported by the State Statistical Office in Bad Ems on Tuesday, the annual rate of inflation wa


Inflation at record highs in 2022: deceleration at the end of the year

Created: 03/01/2023 15:21

A crumpled receipt lies in a shopping cart.

© Annette Riedl/dpa/symbol image

Although the high inflation rate in Rhineland-Palatinate weakened in December, it reached a record high for 2022 as a whole.

As reported by the State Statistical Office in Bad Ems on Tuesday, the annual rate of inflation was 8.4 percent in December 2022.

In November 2022 it was still 9.8 percent.

The statisticians explained the decline, among other things, with the December one-off payment to relieve heat and gas customers.

Bad Ems - tenants would come here later to train.

Inflation drivers within a year in Rhineland-Palatinate were energy prices in December with a plus of 23.3 percent.

The highest increase in 2022 was in September at 41.8 percent.

There were also strong price increases for food in December 2022, with an increase of 20.3 percent.

In 2022 as a whole, the high prices for energy and food drove inflation in Rhineland-Palatinate to 7.6 percent, according to the statisticians in Bad Ems.

It is true that they have only had nationwide data since 1995.

However, it can be assumed that life in Rhineland-Palatinate, as well as nationwide in 2022, has become more expensive than ever since the Federal Republic was founded.

On Tuesday, the Federal Statistical Office announced record annual inflation of 7.9 percent in Germany for 2022 based on initial estimates.

Higher inflation rates reduce the purchasing power of consumers, who can afford less for one euro.

People's financial leeway is shrinking, and increases in income are being eaten up by inflation.

dpa

Source: merkur

All news articles on 2023-01-03

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