A study showed how the high inflation rate significantly affected the lives of the average citizen in Germany, a country that is the largest economy in the European Union.
According to Bild newspaper, results of a survey conducted by Stada pharmaceutical company, more than 30% of Germans were forced to reduce the number of products they buy that could be damaged due to the current rise in the inflation rate in the country.
The results of the study indicated that 33% of German citizens reduced their budgets allocated to purchasing fresh food as a result of the negative impact of inflation.
Not only that, but the results also showed that half of the German population surveyed expressed concern about drug shortages, while this concern was largely limited among Europeans at 39%.
The survey conducted included the participation of 32,000 people in 16 European countries, in addition to the participation of about two thousand people from each country separately.
In a similar context, another study prepared by the Demoscopy-Nisbach Institute at the beginning of this September revealed that half of Germany’s population lives with great anxiety due to the deterioration of the country’s economy under the government’s current policies, the impact of the sanctions imposed on Russia, high inflation, and the slowdown in global economic growth.
It’s estimated that the German economy will contract by about 0.5% this year as a result of weak domestic consumption, which suffers from the impact of high inflation, which is still prevalent according to other studies.