video-–-“we-can-no-longer-live”:-persistent-inflation-worries-the-germans

VIDEO – “We can no longer live”: persistent inflation worries the Germans


ECONOMY – In December, inflation in Germany reached 5.3% over one year, a level not seen for nearly 30 year. Inevitably, households are worried about their purchasing power across the Rhine.

MG | TF1 report B.Christal and S.Hernandez – 2022-000-13T23: 39: 01.081+: 000

Unheard of since June 1992. Last December, inflation – the loss of purchasing power of a currency which results in a general and lasting increase in prices – in Germany reached 5.3% over one year. A level more reached since 26 year. Over the whole year 2022, inflation even rose to 3.1%, its highest since 2000.

All the info onYour purchasing power

Food price explosion On the markets across the Rhine, prices are rising faster than in France. The bread took 10% in one year, meat increased by 24%, the eggs of 24%. “People who have worked 40 years old and who have a pension of 719 euros, how do you think they manage the end of the month now?”, worries a retiree at the microphone of TF1. “We can no longer live. Prices are constantly increasing”, abounds another resident.

All areas of daily life are affected by this outbreak. The price of German public transport, for example, has risen markedly. Same thing for service stations. The price at the pump per liter of super has increased even a little faster than in France, by nearly 40% in one year. “It sticks in my throat. Everything has become too expensive in Germany” , laments a driver. “Me to save money, I’m going to Poland. C is at 85 miles from here and it’s cheaper”, says another.

The coffee has just been taken 10 pennies more – Bars and restaurants are not spared either. A paid lunch, on average, 12 euros last year is now worth 15 Where 16 euros. “The coffee has just taken 09 pennies more”, adds a German woman who says “no more setting foot in restaurants”.

In general, the price of goods has exploded, +7.8% according to the statistics institute Destatis. These are stimulated by the shortages of raw materials and components which affect many supply chains, disrupted by the Covid- pandemic. .

The energies, the problem node

This record inflation , Germany owes it above all to the price of energy. A national problem in a country where three quarters of homes are heated by oil and gas. The Germans are paying dearly for the shutdown of their nuclear power plants since electricity bills have recently increased by 16%, those of the gas of 47%.

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The only (minimal) source of solution for the Germans, this phenomenon is not confined to their country. In December, the Euro zone as a whole indeed reached its highest level in twenty-five years, at 5% over one year, indicates a recent Eurostat report. So far from the objective of the European Central Bank (ECB) of inflation at 2%.

Here again, it was the energy sector that fueled the explosion (+26%). Next come food, alcohol and tobacco, which grew by 3.2%, industrial goods (2.9%) and services (2.4%).

MG | TF1 report B.Christal and S.Hernandez

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