Comparing prices of Döner and Schnitzel: An investigation into past cost differences. - Comparing doughnut and schnitzel costs: uncovering the difference in past prices
In a revealing comparison, Karsten Sandhop, head of the "Methods and Communication in Price Statistics" department at the Federal Office, has explained that people tend to perceive losses from price increases more strongly than gains when something becomes cheaper. This study, conducted over 19 years, focused on common items such as döner, cinema tickets, and other everyday essentials.
The comparison, limited to the Cologne area, was carried out independently by a federal authority and does not account for inflation or changes in purchasing power. In 2006, typical costs in Cologne for a döner were around 3 to 4 euros, a schnitzel cost approximately 6 to 8 euros, and a cinema ticket was around 6 to 7 euros. Fast forward to 2023, and these prices have significantly risen.
Interestingly, despite the price hikes, Kathrin Kann, head of the "Earnings, Over-indebtedness" department at the Federal Statistical Office, confirmed that incomes have increased more than consumer prices. Between 2006 and 2024, Germans experienced an average gross income increase of 59%. However, this increase in income has not been enough to counterbalance the perception of everything getting more expensive.
The comparison underscores the fact that while wages have increased more than consumer prices, the perception of rising prices is not entirely incorrect. This is concerning, as wealth inequality in Germany remains high and has shown little decrease since the 2000s. Furthermore, few people consider big picture issues like income and wealth inequality when thinking about price increases in everyday items.
It's essential to remember that while this comparison provides valuable insights, it does not take into account the broader context of the German economy. Transparency note: stern belongs to RTL Germany.
In conclusion, while it may seem that everything is getting more expensive, it's crucial to look beyond the surface and consider the bigger picture of income and wealth inequality in Germany.
