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Most Germans are worried about high inflation

Most Germans are worried about high inflation | 20 February 2023

20 February 2023, EUR/USD

Most Germans are worried about high inflation

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Most Germans are worried about high inflation, and more than half of them report that rising prices are making them struggle financially, a fresh survey showed. German consumer prices, harmonized to compare with other European Union countries, rose by 9.2% on the year in January, preliminary data from the federal statistics office showed. Out of those surveyed, 53% say that rising prices for everyday goods lead to financial difficulties. However, Germans were not very concerned about the labour market: The survey showed that a quarter of respondents were not worried at all about losing their job. This is in high contrast with the situation in other European countries - only 3% of those surveyed in Spain and 5% of the Italians had no worries about becoming unemployed.

Investment idea: range 1.0650 - 1.0750.

David Johnson
Analyst of «FreshForex» company
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