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International Business Times
International Business Times
World

Germans Reluctant To Open Wallets Despite Easing Inflation

Despite easing inflation, consumers in Germany remain reluctant to start spending (Credit: AFP)

The cost-of-living crisis may be easing in Germany but that has not sparked a shopping frenzy just yet in a country where, as a recent survey suggests, people fear inflation more than war.

Inflation in Europe's biggest economy has fluctuated between 1.6 and 2.6 percent over the past year, far below the 70-year high reached in 2022 after Russia's full-scale invasion of Ukraine triggered an energy crisis.

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