29.1 C
Saturday, October 1, 2022

Space Telescopes Captured Asteroid Strike With Striking Clarity

https://ift.tt/g4TEscM world now has stunning new photos...

US Hits Russia with Sanctions for Annexing Ukrainian Regions

https://ift.tt/g4TEscM U.S. on Friday sanctioned more than...

New York Film Festival Fetes 60 Years with Eye to the Future

https://ift.tt/smH5fdj past and future of film mingle...

Germans told to drink tap water as prices surge

They are also advised to buy seasonal food and local produce, and watch for discounts

German news magazine Focus has advised readers to change their spending and lifestyle habits in order to save money amid skyrocketing prices.

According to the publication, Russia’s military operation in Ukraine and the economic sanctions placed on Moscow have resulted in additional problems in supply chains and have driven up energy prices. This, in turn, has affected the product range and prices across German supermarket chains.

Prices for basic products such as pasta and sunflower oil, for instance, have soared by 40% and 100% respectively. Detergents, mineral water, dairy products, coffee, and toilet paper are also more expensive. Popular supermarket chain Aldi raised prices on 140 different items last week, and other supermarkets are likely to follow suit, according to Focus.

However, the publication has come up with a number of measures to help consumers save money. To start with, readers are advised to drink tap water instead of buying bottled water. The publication even lists a number of firms producing water filtration systems in Germany which could help improve the taste of tap water.

Read more

General Secretary of the Solidaridad union Rodrigo Alonso, delivers a speech as protesters listen during a nationwide protest. © Atilano Garcia / SOPA Images / LightRocket via Getty Images
Empty shelves, price hikes, car shortages: Sanctioning Russia proves costly for the West

It also says shoppers should buy seasonal fruits and vegetables because they are always much cheaper due to the low costs regarding logistics.

Additionally, the publication recommends that customers choose local and unadvertised brands instead of popular ones. Almost every supermarket chain has its own line of cheaper products. As they are always backed by larger producers, the products are almost the same or just slightly different, but the prices can be up to 60% lower.

Finally, the magazine says readers should keep close track of sales and discounts, and stock up on large packs of products which have a long shelf life.

On average, consumer prices were 5.5% higher in Germany last month than in February 2021, figures from the Federal Statistical Office (Destatis) show. And analysts say things will only get worse if the situation in Ukraine is not resolved. According to the German Economic Institute, the crisis itself, as well as related Western sanctions and Moscow’s counter-sanctions, could drive inflation as high as 6.1% in the coming months.

For more stories on economy & finance visit RT’s business section

https://ift.tt/JtOcbCM 23, 2022 at 03:56PM
from RT – Daily news

Support Us

Secured by Paypal

Related Stories

Check out other tags:

Most Popular Articles