Prices are skyrocketing and we are all getting poorer - everyone feels the price shock, but in statistics it shows up much smaller. Official inflation figures are around 10 percent. But many citizens notice in their everyday life: Prices are rising - in the supermarket, at the gas station - much faster. The true inflation is much higher: That's why there is now the inflation radar from pleiticker.de - one can find it updated daily on their homepage. They have calculated price developments in the areas that really matter: housing, energy and basic foodstuffs. With the latest figures, inflation there was a whopping 56,3 percent over the past year - and 11,6 percent over the past week alone.
For the average net income of a German household (€3 600), this means a loss in value of €1 296. This is mainly driven by the rise in energy costs. The price of electricity has risen by an unbelievable 344 percent in the past year. The official figures, on the other hand, are hardly meaningful: The figures from the Federal Statistical Office are significantly lower and not very plausible for the reality of people's lives for two reasons: On the one hand, it includes hundreds of products in its unrealistic "shopping basket." by Free West Media