1656672000 Inflation is also biting in Germany In one year 600000

Inflation is also biting in Germany: In one year, 600,000 more families are at risk of poverty

After all, 13.8 million people in Germany are at risk of poverty 600 thousand more compared to a year ago. This emerges from the poverty report of the Parity Welfare Association. Ulrich Schneider the club administrator then calls for new relief measures. Inflation can only make matters worse for those living on less 60% of average incomeor, albeit with territorial differences (the poorest in Bavaria and Baden-Württemberg are less than 14%, but Bremen comes to 28%) benefit relatively little from that Price Control Allocations So far done by the government: 2 billion out of 29.

Now even the cost of gas is skyrocketing: the Egr energy sales raised consumer bills in Wiesbaden 250%but also the With gas in Frankfurt it competed with its customers by increasing them many times over 300%, from 5.50 cents at 21.17 cents Kw/h. These are borderline cases, but acc verivox portal, Compare offers from over 900 traders, in any case, the increases reach an average of 75%. So far, the state has guaranteed a relaxation of the stranglehold only 300 euros once to working taxpayers and at least another 270 to families on social housing benefits, tiered by component. Of this in addition to heating Students who are already receiving BAföG can also benefit. However, the price increases can almost become one second rent ed Although a price increase is like switching contracts and customers can opt-out, switching to a different distributor can be a boomerang.

The German Tenants’ Association joined the demands of union boss Verdi Frank Bsirske for a cap on the price of gas and an increase in social security contributions for the house. The finance minister Christian Linder (Fdp), however, ruled out new interventions before 2023, since there were no other funds in the budget and the cuts already prepared had yet to take effect, including the abolition of excise taxes on energy and vouchers for children. Government partners, on the other hand, want to mobilize new resources to calm the inconvenience and Monday Olaf Scholz He will meet with industrialists and unions to discuss how to deal with inflation.

Inflation is slowing down in Germany (+7.6%), accelerating in Belgium (+9.6%) and warming up in Spain (10%).  Friday the Italian figure

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Inflation is slowing down in Germany (+7.6%), accelerating in Belgium (+9.6%) and warming up in Spain (10%). Friday the Italian figure

For the Federal Association of Energy and Water Management (Bdew), the market price is increasing They affect almost all consumers because almost half still use gas heating. The Federal Association of the Heating Industry (Bdh) also confirms that it was 70% of new installations last year natural gas boiler and for twenty-five years. The Minister for Economy and Climate Robert Habeck (Verdi) wants to advance its modernization with millions heat pumpsbut it is missing skilled worker and according to the Ifo Economic Institute, German industry will continue to suffer from delays in the distribution chains until next year.

In the first five months of the year, national gas consumption was approx 460 billion kilowatts / hour; However, the increases have already led consumers to: a save at least 6.5% compared to a year ago. In May in particular, consumption fell by at least a third. Even the mild weather contributed and total payouts were recorded 14.3% lower, the Bdew notes. The head of the Federal Network Agency Klaus Mueller But on Wednesday in a televised debate, he warned that “everyone needs to save on gas,” and didn’t silence his concern, because even now it’s after unilateral reductions in flows from Nord Stream 1 (Gas pipeline between Russia and Germany, ed.) Methane is being stored more slowly for the winter, and after the pipeline’s scheduled maintenance period on July 11, Russia may reduce it further. Chancellor Olaf Scholz In an interview at the end of the G7 summit, however, he did not want to give any advice to domestic users, “we’ve had enough for now.”

Gas price at 149 euros, the German operator Uniper is asking for state aid.  OPEC increases crude oil production

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Gas price at 149 euros, the German operator Uniper is asking for state aid. OPEC increases crude oil production

But it’s not only bad for consumers, it’s also bad for the big gas distributor Uniper announced that he will ask the German state for help for stabilization measures that ensure its liquidity, because it has received since June 14 last year only 40% of Gazprom’s gas and must buy the rest in the market. The chairman of the board said that an increase in the current credit line through to a direct state participation could not be ruled out Klaus Dieter Maubach. The company that is 78% part of the Finnish group Forum is Gazprom’s largest foreign customer and the largest gas distributor in Germany. He already had to cope with the increases at the end of last year expanded its credit line also the purchase of guarantees from the German public bank KfW (which has not yet been called) for two billion euros. On the other hand, it has already partially drawn down a credit line eight billion from the parent company who said he felt compelled to bail out his subsidiary. This should not be a prelude to public aid from Finland, but rather help Fortum, in which it has a stake of more than 50%.