Five questions about the cost of living

Record prices at gas stations, soaring costs in the supermarkets, and a growing feeling of emptiness in our wallets: inflation continues to have a firm grip on many across the world, with no clear end in sight. But what exactly is the current situation on the cost of living in Europe? Is everything really getting more expensive? And what can businesses and households do to tackle inflation and manage higher food prices?

Someone facing these questions head on is Andreas Jobst, Head of Macroeconomic and Capital Market Research Allianz SE. In our 5 questions interview, he provides clarity on the topic of currency devaluation and price increases, while also giving us an outlook for the rest of the year. With the help of data from the Economic Research team, watch Andy’s take on the situation here:

This interview is the beginning of a content series that looks at the different ways in which the increased cost of living affects individuals, businesses, and society as a whole. With Allianz’s unique position as a truly global insurer and asset manager, we will also look at ways in which we can offset these effects as a company and what we are already doing to secure your future in times of economic shock.  

The Allianz Group is one of the world's leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 683 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.6 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.
** As of December 31, 2022
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

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