Christmas challenge for Germans / Only half of German people can afford Christmas gifts

According to the report of the International Economic Reporter of Fars News Agency, quoted by Bild, the results of a survey by Germany’s INSA Institute indicate that a quarter of the people of this country will not buy gifts for their loved ones this year, and there is no news of doing this ancient tradition.

The reason for this issue is the high inflation and the sharp increase in prices in this largest economy of the European Union.

In the survey conducted, 23% of people said that they would not buy a gift at all, and another 22% said that they had to use their savings to buy a gift. Another 3% said that they may have to go into debt to buy gifts.

The findings of the INSA survey show that less than half of Germans can afford to buy a Christmas present without borrowing or using their savings.

According to the Idalo Institute, the price of 120 popular Christmas gifts in Germany has increased by an average of 56% this year compared to 2021.

According to the German Federal Statistical Office, in October of this year, the inflation rate in Germany has reached the highest level in the last few decades. The main reason for the increase in prices in Germany was the increase in the price of energy carriers and especially gas in this country due to the Russian embargo.

Last month, the INSA institute conducted another survey, the results of which showed that half of the German people believe that the country’s government has failed to solve the energy crisis, and 30 percent of people said that they will not be able to pay their electricity and gas bills in the coming months. to pay

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