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Consumers fearful of rising energy costs

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Consumers fearful of rising energy costs
Photo: DPA
15:47 CET+01:00
The cost of gas and electricity are the biggest financial worries for Germans, with nine of out 10 people concerned about the rising cost of energy, a poll published Friday has found.

The poll taken by surveying firm Emnid for the Frankfurt investment firm Deutsche Vermögensberatung (DVAG) also reveals that 55 percent of people are worried about the rising cost of health insurance and 42 percent about the cost of groceries.

The survey also probed other fears occupying the German population beyond their personal finances: roughly two-thirds were worried each about public debt, military conflict and contaminated food products – the latter a reflection of the recent dioxin farm feed scandal.

On the happiness side of the ledger, 78 percent of respondents to the new poll said they were most pleased by the prospect of seeing their close friends, 72 percent by the idea of a holiday and 68 percent by pleasant family occasions. Less than half – 44 percent – cited positive career developments as a major source of happiness.

Meanwhile inflation hit a two-year high in January, rising to an annual consumer-price figure of 1.9 percent from 1.7 percent in December.

A recent survey by pollsters GfK found that, despite the booming economy and anticipated wage increases, 70 percent of people expected to have no more money in their pocket this year than last. Another 14 percent expected to have more take-home pay but figured it would be eaten up by rising prices. Just 5.9 percent expected to have more money at the end of each month.

The Local/djw

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