Economy & Politics

PricesThese products have become cheaper in the Corona crisis

In the corona crisis, consumers often have to dig deeper. Fresh vegetables, pork or coffee, for example, are often significantly more expensive than before the pandemic broke out. This is ensured, among other things, by travel and export restrictions for goods or harvest helpers. Nevertheless, inflation is falling in Germany and Europe – and rapidly.

In January 2020, the inflation rate in the European Union was still 1.7 percent. In March, the value dropped to 1.2 percent. In April, the first full month since government protection measures were imposed, the trend continues despite the crisis. The statistics agency Eurostat reported an inflation rate of only 0.7 percent for the month. That was 1.2 percentage points less than in April 2019. In the euro area, inflation was only 0.3 percent.

Inflation drops in the Corona crisis

In Germany, the inflation rate in April 2020 was 0.9 percent (March: 1.4 percent) according to the Federal Statistical Office. One product group in particular ensured this development in consumer prices. In other areas, the full stock due to the pandemic and slump in sales mean that providers want to boost consumer spending with strong discounts.

These products became cheaper during the Corona crisis

Related Articles

Back to top button