Families are particularly affected by the rising costs

fFor many people, the inflation rate is a number that is often difficult to grasp. That’s about ten percent Federal Statistical Office for September, in August it was 7.9 percent. But what exactly does this number mean in everyday life? At the latest when the cashier suddenly mentions a significantly higher amount than usual when doing the weekly shopping or when the bill for electricity and gas arrives, it is clear: the high prices hit our wallets and savings accounts and get on our nerves enormously.

Sarah Huemer

Editor in the “Value” department of the Frankfurter Allgemeine Sunday newspaper.

But it doesn’t hit everyone the same way. After all, the inflation rate is based on an average basket of goods, from which each individual’s consumption deviates. Most of the income usually comes from housing. Food, energy and fuel usually make up a smaller proportion. However, prices in these categories have risen so sharply in recent months that they are the main contributors to individual inflation.

The two economists Silke Tober and Sebastian Dullien from the Institute for Macroeconomics and Business Cycle Research (IMK) deal with how high the price increases are for different households Hans Böckler Foundation. Every month they publish an inflation monitor and show in detail how high the inflation rates are for different types of people such as families or single people, most recently for the inflation data from August 2022. For the FAS, the institute also calculated how much the expenditure in euros compares have increased compared to the previous year.

The numbers provide a helpful guideline for how much more expensive everyday life has become for each individual. The focus is on the food, fuel and household energy categories. A possible cap on the prices of electricity and gas, as recently announced by the federal government, is not included here.

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