The Russia-Ukraine conflict has seen soaring energy prices in Germany in the past three years, and household spending has increased significantly

On February 22, the Russia-Ukraine conflict broke out nearly three years ago, and German energy prices rose sharply. According to the latest report released by the German energy comparison platform on the 22nd local time, the average annual energy expenditure of a typical family of three in Germany has reached 5407 euros, an increase of 31% compared to 2021 (4121 euros), with heating costs showing the most significant increase. Data shows that household heating costs have become the main driver of energy expenditure growth. Among them, natural gas prices have increased by 74% compared to 2021, resulting in an average increase of 61% in overall heating costs.

Scan code to share
www.ecbnnews.com