This study looks at the inflation aversion in the European Union. Against the backdrop of the
hyperinflation in Germany in 1923 the study examines the current literature on the topic. The
picture painted in the media in Germany but also elsewhere suggests Germans to have a
historically given inclination to fear inflation. Also this concept is reinforced by printing
pictures of people with wheelbarrows full of bills. The academic debate will introduce an
overview of different inflation theories and the societal groups that are considered to be
most inflation averse. Thus this study investigates this claim by looking at data from the
Eurobarometer surveys (2003-2008).Do Germans really fear inflation more than other European
countries? The studys aim is to answer this question by comparing the data from Germany France
UK Italy and Sweden in order to examine the inflation aversion for these countries but also
for different groups within these countries.
