Suche
Mein Konto
Inflation remains a challenge: How your purchasing power changes
Find out how inflation will arise in Germany in 2025, what role the ECB will play and how this will affect consumers.
Inflation remains a challenge: How your purchasing power changes
In recent years, inflation has been a central issue in Germany that directly affects many people. The causes are diverse: In addition to imported inflation from energy deliveries, the pricing power of global companies and the ongoing globalization crisis also play a role. How Spot Bremen reports, low energy prices in the industry have been a bright spot, while the need for change in line with environmental goals remains unchanged.
The European Central Bank (ECB) has the responsibility to counteract inflation and relies on monetary policy instruments. The key interest rate is currently 2.15 percent, as stated in a report by ECB press report can be seen. These monetary policy decisions not only influence interest rates on fixed-term and overnight deposits, but also lending and thus the economic stability of households. A survey shows that 57 percent of citizens have changed their shopping behavior due to the high prices, for example by switching to discounters or paying more attention to special offers.
The social dimension of inflation
The social impact of inflation is equally serious. While low-income people suffer more from the loss of value of their savings, high-income households benefit from inflation compensation, which is often criticized as an inadequate policy response. The DIW highlights that the current inflationary situation also brings with it deeper economic challenges: Falling real wages and a redistribution from creditors to debtors are just some of the harmful effects that are placing a heavy burden on the population.
The ECB has set itself the goal of stabilizing inflation at around 2 percent in the medium term. This is what the ECB explains in its current forecasts: It expects overall inflation of 2.1 percent for 2025. However, these forecasts are always subject to changing market dynamics. An upcoming interview with ECB President Christine Lagarde could provide new insights into anti-inflation strategies.
The future in sight
The question remains how the situation will develop in the coming years. While the ECB's European headquarters is keeping key interest rates stable for the moment, it remains unclear what consequences interest rate decisions will have on economic growth and job security. Politicians have a responsibility to keep the needs of the population in mind while at the same time regulating the high energy prices in the sector.
In summary, it shows that despite the challenges that inflation brings with it, people in Germany overall have a stabilizing attitude towards the financial system and banks. Switching to new shopping habits and increasing awareness of pricing are important steps in proactively shaping your own financial future.