Due to high inflation, consumer spending by private households in Germany increased by 10.7% year-on-year, a price-adjusted increase of 3.4%, according to the Federal Statistical Office. The big difference reflects steep price increases for private households, according to the statisticians. Inflation in 2022 was 6.9%.
Besides the price increase, the reason for the cost increase is also the end of many “corona” events. For example, spending on services, including food and travel, increased by 8.3% in price terms.
Private households also spent 7.8% more money on food and beverages, despite a 4.4% drop in consumption. Consumer spending on electricity increased by 19.3% and on gas by 13.9%. On the other hand, corrected for prices, they fell by 0.5% for electricity and by 26.4% for gas. Due to warm weather and austerity measures, private households consumed significantly less gas than in the previous year.
Fuel consumption expenses increased by 29.8% and adjusted for prices by 1.4%.
Germany says this:
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