Ireland: inflation particularly affects families with low incomes

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families with low incomes, according to a current study, continues to be the most under high inflation. While the shopping baskets for German households were more expensive in July compared to 7.5 percent last year, families with low income for their typical purchases even had to pay 8.4 percent more. This is the result of the Institute for Macroeconomics and Economic Research (IMK) of the Hans Böckler Foundation close to the trade union in its inflation monitor published on Tuesday. The price increases still met with high incomes. Their living costs increased by 6.4 percent.

Haushalte mit niedrigen Einkommen sind laut einer Studie besonders stark von der Inflation belastet. © Fabian Sommer/dpa Households with low incomes are particularly stressed by inflation, according to a study.

The fact that households with low incomes are particularly heavily burdened with inflation is that the currently largest price drivers - household energy and food - play a particularly major role in their expenses.

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The IMK economic experts warned: "If inflation will soon receive additional boost because 9-euro ticket and tank discount will expire and the gas surcharge is introduced, the social gap in the loads should continue to work even further." Because additional price increases in household energy are particularly strong in households with lower incomes.

The tax relief proposed by the Federal Ministry of Finance would not alleviate the social imbalance, the experts warned. "Because this would help those people who are particularly heavily burdened with according to the results of our research." In order to avoid social imbalance in the next few months, another energy flat rate for all households and a price cover for basic consumption for the gas would be more suitable, IMK director Sebastian Dullien said.

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