Inflation 2024: Consumer advice centers warn of higher costs for energy and food

Inflation 2024: Consumer advice centers warn of higher costs for energy and food

According to a report from www.welt.de, consumer advice centers are warning of high prices in 2024, especially with regard to energy and food. The head of the federal association, Ramona Pop, is even calling for a “price summit” from the federal government because many private households have to expect rising prices. The CO2 price, higher network fees and rising food prices are expected to lead to a significant increase in costs. This could lead to consumer uncertainty and have a negative impact on the economy. A healthy diet should not depend on your wallet, says the consumer advocate. It is noted that price transparency needs to be improved and the burden on people with low incomes needs to be relieved.

Rising energy and food prices will have a direct impact on the market and consumers. Overall, the inflation rate is expected to continue to rise, resulting in higher price burdens for consumers. This could lead to consumers consuming less, which in turn could affect the economy. People with low incomes will be particularly hard hit by rising prices. The federal government will need to take action to improve price transparency and provide relief to those who are already financially burdened.

It is important that the federal government, in collaboration with relevant stakeholders, develops measures to control rising prices and provide relief to consumers. The price burden on consumers should not lead to a restriction in consumer behavior and have a negative impact on the economy. Therefore, it is important that the federal government takes the necessary steps to control inflation and its associated costs.