Inflation: Germans save mainly on food and clothing

Company Inflation research

Germans save on food and clothing

How to save when cooking

Consumer prices rose by an average of 10.4 percent compared to the same month last year. The question now arises: how to save in the kitchen?

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Due to rising prices, two-thirds of people spend less money. The main savings are on food and clothing. According to the survey, many also do without the car or plane. And of course you also want to save on Christmas gifts.

fAlmost two-thirds of German consumers spend less money due to high inflation. According to a survey commissioned by the Federation of German Consumer Organizations (VZBV), another 20 percent expect to have to limit themselves in the future. Most buy cheaper groceries (61 percent), less clothing, and consume less overall (56 percent each).

A good third drives less often. Just as many are currently avoiding or at least reducing air travel. In addition, Germans want to spend less money on Christmas presents this year. According to the market research agency GfK, only 48 percent of those surveyed want to invest as much money as in previous years.

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At the same time, the majority of consumers are willing to change their own consumer behavior to protect the climate. 75 percent would wear their clothes longer instead of buying new ones. 60 percent want to buy energy-efficient electronic devices, another 45 percent would have defective devices repaired instead of buying them new.

However, consumers want binding information from manufacturers about the lifespan of devices. In this case, 60 percent would be willing to have defective devices repaired if the intended lifespan is still a long way off. For example, consumers want to use a washing machine for twelve years, vacuum cleaners, televisions and printers for ten years and mobile phones for five years.

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To promote cost-effective repairs, manufacturers should be required to provide binding information on the lifespan of the devices, VZBV board member Ramona Pop demanded. “Politicians and manufacturers are responsible for creating the framework conditions to enable consumers to use climate-friendly consumption,” she told the Funke newspapers.

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“The right to repair agreed in the coalition agreement is an important building block for climate-friendly and resource-saving consumption,” emphasizes Pop. The coalition must therefore deliver now. “We need to ensure that manufacturers design their products to be repairable. And, of course, repairs must be affordable and the costs must be within an economically reasonable range.”

High energy and food prices pushed inflation to a new high in October. Inflation was 10.4 percent last month.

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