In the second quarter of 2022, wages in Germany registered an increase of 2.9% compared to the same period of 2021 in nominal terms, while the average inflation in the same period was 7.6%.
Thus, in real terms, the wages of workers in Germany suffered a drop of 4.4% in the second quarter, after the fall of 1.8% in the first three months of 2022 and 1.4% in the last three months of 2021, after stagnating in the second quarter of 2021.
Germany is one of the European countries most affected by the energy crisis as a result of the war in Ukraine. In October, a increased gas bill that millions of people will not be able to afford, according to the German Tenants Association.
The industry Its activity has also been affected by the energy crisis and it has already reduced its capacity by 16%, something that could worsen as winter approaches.
Source: Ambito
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