People in Germany suffer from inflation to varying degrees. Nevertheless, according to a survey by a business-related institute, they have similar savings strategies.
In 2023, inflation reached the second highest level since reunification; the annual average price increase was 5.9 percent. At the beginning of the year, however, the increase in consumer prices weakened, particularly due to falling energy costs. The analysis also shows that a third of those surveyed are already so badly affected by inflation that they have changed their consumption habits to a greater extent.