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Prices in Germany go up more

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Everything gets more expensive. This is inflation. Prices in Germany go up by 2,9 percent in August. This is more than in July. Energy costs a lot of money. Oil and gas are more expensive. A war in the Middle East is one reason. Low water in the river makes transport expensive.

Some food items cost more money. Salad and carrots cost much more. Milk and butter are cheaper. Food prices go up only a little.

The Central Bank wants stable prices. The bank wants 2 percent inflation. Prices go up too much. The bank can make interest higher. This stops spending. People worry about money. Maybe wages go up soon.

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Definitions

Inflation
Inflation means money loses value. You buy fewer things for the same money. Prices for goods go up.
Leitzins
The central bank sets the rate. It decides how expensive loans are.
Kerninflation
Core inflation shows price changes without big shifts. It ignores energy and food.
Kaufkraft
Purchasing power shows what you buy with money. If prices rise, power drops.

People

Isabel Schnabel
Isabel Schnabel is an expert for money. She works at the bank.
Silke Tober
Silke Tober is an expert for the economy. She studies prices in Germany.

Locations

Hessen
Hessen is a state in the middle of Germany. Wiesbaden is the capital.
Nordrhein-Westfalen
Nordrhein-Westfalen is a state in the west of Germany. Many people live there.

Sources

Südtirol News

Energiepreise treiben deutsche Inflation auf 2,9 Prozent

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Logo Spiegel
Spiegel

Teure Energie treibt Inflation – Niedrigwasser trifft NRW-Verbraucher

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Logo Bild
Bild

Eilmeldung: Deutsche Inflationsrate steigt auch im August

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Logo FAZ
FAZ

Die Inflation in Deutschland steigt auf 2,9 Prozent

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Logo FAZ
FAZ

Inflationsrate steigt in Hessen auf drei Prozent: Aktuelle Nachrichten aus Frankfurt & Hessen | FAZ

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