Most recently, consumer prices were around 7.4 percent above the level of the same month last year. But how high is your personal inflation? With a practical online calculator you can find out your personal rate of inflation.

Inflation continued to rise in Germany and has meanwhile climbed to around 7.4 percent. The rate has thus reached its highest level since autumn 1981, when mineral oil prices also rose sharply as a result of the first Gulf War between Iraq and Iran.

The extent to which an individual household is affected by inflation always depends on how much money it spends on which goods. For example, if you don’t have a car, you won’t spend money on fuel and vehicle maintenance – but these are part of the consumer price index basket.

The Federal Statistical Office has put a personal inflation calculator online in which consumers can enter their individual expenses for rent, travel expenses and groceries, for example. This allows you to calculate how much your personal inflation rate differs from the official one.

Deal with money properly and get more out of life (ad)

Because the inflation rate is an average value that does not necessarily do justice to individual consumers and their shopping behavior. There are also psychological factors: According to statisticians, there are prices that consumers perceive particularly strongly. These are mainly goods that you buy regularly, such as groceries. The “perceived” inflation can therefore deviate from the official rate.

Inflation hasn’t risen in years. What is the best strategy for savers and investors now? Stock market expert Philipp Vorndran gives the answers in the free webinar from FOCUS Online and Finanzen100. WATCH FREE RECORDING HERE!

(With dpa material)