Inflation in Germany rises to 3.7 percent in May

The situation also remains tense in a European comparison. Several economies in the euro area continue to record inflation rates above the target value, which complicates monetary policy coordination.

Reactions from business and politics

For employees, the development means that real wage increases are becoming less common. Collective bargaining negotiations in the coming months are likely to be conducted particularly intensively against this backdrop.

The federal government is called upon to shape the economic policy framework in such a way that inflation is curbed without throttling the economy. Relief packages and investments are under discussion.

Tips for dealing with inflation

Consumer protection advisers recommend critically reviewing expenses and carefully planning larger purchases. Those who compare prices and take advantage of offers can at least mitigate the personal burden of inflation.

Long-term financial investments should be reassessed in light of price developments. Experts recommend reviewing one's own portfolio for inflation protection.

Overall, the current data point shows that the fight against inflation has not yet been won. The coming months will show whether the measures introduced are taking effect.