Energy crisis and inflation biggest concerns for Germans

Energy crisis and inflation biggest concerns for Germans

Inflation and energy crisis worries Germans more than war in Ukraine, poll finds

BERLIN (AA) - Germans are increasingly worried about a deepening energy crisis and rising inflation, according to a new survey released on Thursday.

Moscow's war on Ukraine in late February, and a subsequent drop in oil and natural gas exports to Europe, have pushed prices higher.

At 68%, energy supply is currently the number one concern in Germany, followed by inflation at 64%, and the war at 55%.

According to the Civey poll for life insurer Canada Life, a majority of Germans expect a high average inflation rate in the coming year.

As many as 44% of respondents see it at 9% or even higher, while a rate between 7% and below 9% is expected by 20% of the respondents. Only 9% of the people believe in a rate of 3% to below 5%.

The inflation rate in Germany, the change in the consumer price index (CPI) compared with the same month of the previous year, was 7.9% in August, according to the Federal Statistical Office. It was 7.5% in July and 7.6% in June.

According to the survey, inflation is unsettling people, with nearly half of the respondents – 48% – saying they could save “nothing.”

A total of 2,500 respondents were surveyed between Sept. 8 and Sept. 12.

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