German Incomes Lag Behind Inflation

New figures from Germany's Finance Ministry show that despite an upturn in the economy, average incomes have failed to keep up with inflation

Germans are feeling the pinch. Although the country's economy has been growing steadily in recent years, the man in the street is, in fact, worse off, as average incomes have failed to keep up with inflation. According to new figures from the Finance Ministry, in the last three years prices have been rising faster than disposables incomes -- and the drop in real wages is accelerating.

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