Schwerin (dpa/mv) – The slowdown in inflation seen since the beginning of the year has continued in Mecklenburg-Western Pomerania. As reported by the Statistical Office in Schwerin on Wednesday, the annual inflation rate in the north-east fell to 6.5 percent in May and thus fell below the 7 percent mark for the first time in a year. Despite the recent decline, consumers in Mecklenburg-Western Pomerania felt the price increases compared to the previous year more clearly than in other federal states. Across Germany, prices rose by 6.1 percent in May compared to the same month last year.
People in the north-east had to dig deeper into their pockets than a year ago, especially for groceries. According to statistics, food was 15.2 percent more expensive in May. 19.6 percent more had to be paid for baked goods and 19.8 percent more for vegetables. Some of the price premiums for dairy products were even higher, but butter prices continued to fall.
Prices for fuel, which were among the biggest price drivers in the previous year, continued to fall. Diesel and petrol were 14.3 percent cheaper than a year ago. As was the case with gas customers, district heating customers are now feeling the effects of the energy crisis. They had to pay 41.8 percent more in May than a year ago. Visits to restaurants and hotels also became more expensive.
Compared to the previous month of April, consumer prices in Mecklenburg-Western Pomerania fell by a minimum of 0.2 percent.
The European Central Bank (ECB) is trying to dampen inflation with higher interest rates. Because higher interest rates make loans more expensive, which can slow down demand. The central bank is aiming for stable prices overall for the euro area with an inflation rate of two percent.
© dpa-infocom, dpa:230607-99-974459/2
2023-06-07 14:08:04
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