Despite inflation: prices for televisions continue to fall noticeably
While prices for many everyday goods are rising and rising, televisions are becoming cheaper – by over 4 percent in the last 12 months alone.
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Televisions are continuing to become cheaper, despite high inflation in recent years. This was announced by the Federal Statistical Office on Wednesday. In October, televisions were 4.4 percent cheaper than in October of the previous year, although consumer prices rose by 2 percent overall. In previous years, the difference was even greater. While televisions cost 10.2 percent less last year than in 2020, consumer prices rose by 16.7 percent in these three years.
A saturated market
To mark International Television Day on Friday , the Federal Statistical Office compiled further figures. According to the figures, televisions are found in 96.5 percent of all households in Germany. However, there are major differences in usage between age groups. Children between the ages of 10 and 13 spend the fewest hours – in front of the television, namely one hour and 16 minutes – when linear television, streaming and video-on-demand are added together. The more they get older, the more they watch. At two hours and 54 minutes, people aged 65 and over watch the most television.
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Televisions still account for the largest share of sales generated by the consumer electronics industry in Germany every year. Bitkom reported in September that this accounts for more than a third of the approximately 7.6 billion euros generated this year. However, while a particularly large number of televisions are usually sold in years with Olympic Games and European Football Championships, this effect has been eliminated this year. After sales figures were particularly strong during the coronavirus pandemic, the market remains saturated, explains the digital association.
(mho)
