The inflation rate is one of the best-known economic data. The majority of the population believes that the official inflation rate glosses over the reality and the price increases too low identifies. A look at the composition of the official basket of goods shows that the much acclaimed, official inflation is not actually for most real existing budgets.
The Federal Statistical Office calculates inflation based on a fictitious shopping cart. The inflation rate is influenced not only by the absolute price change in the basket of goods but also on their weight cart. By far the largest commodity group is “Housing, water, electricity, gas and other fuels” with a total share of 30.80 percent.
Using the example of power becomes clear how much the validity of the official inflation rate on income of a household depends. The demand for electricity is almost a household regardless of income, because every household needs electricity and can save him is limited.
4.8 percent for electricity and gas?
The consumer price index is attributable to expenditures for electricity, a weight of 2.5 percent. Electricity prices have risen in recent years, much faster than consumer prices in general. In households with low incomes, a rise in prices affects current is significantly stronger than in households with incomes above the average.
Inflation is felt by the consumer spending for higher gas account in your basket from the Federal Statistical Office, a weight of just 1.30 percent. Who is gas, probably removed much of the official inflation rate. Even with a low rate would have a single household with an annual consumption of 7,000 kilowatt hours per month earn 2500 € net, so that only 1.30 percent of income attributable to gas.
Expenditure on tobacco products in the basket are weighted at 2.20 percent. In very few of the approximately 19 million smokers in Germany, this value should be true. Who a pack (retail price about 5 €) a day filled with smoke pays per year more than 1800 €. In order to derive a rate of 2.20 percent to the annual net income would have on more than 80,000 euros.
For beer (consumed at home) to German consumers spend an average of 0.90 percent of their income. To restaurant services, therefore a share of 2.90 percent.
Justified in individual cases, unrealistic in the sum
Fuels and lubricants for personal transport will account for 3.50 percent of the expenditure of an average household. A household with 1700 net income is therefore € 60 € a month out at the gas station. With an average fuel price of 1.50 € and an average consumption of 7 liters per 100 km to 570 km can be driven.
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