Teuro is compound up out expensive a technical term in the German linguistic area, and euro. An alternative way of writing is TEuro, which often used however with within the commercial range, identical abbreviation for "„thousand euro "“overlaps.

The term is used colloquially for the currency euro, in order to clarify raising the price of from goods and services, assumed by parts of the population, to introduction of the euro, in particular after the cash introduction on 1 January 2002.

The official exchange rate amounted to 1.95583 German Marks to 1.00 "€ and/or 13.7603 Austrian Schilling to 1.00 "€ and with the conversion by savings balances, most fees, liabilities from existing contracts or also the salaries of persons employed was strictly kept.

General price increase

The official inflation rate in Germany in the year of the cash euro-introduction amounted to 1,9%.Bei goods and services of the daily use indicates Cologne Institut of the German economy the price rise in the first quarter as 4,8 per cent. The difference results from the fact that:

• In the 3 following quarters large price increases by the competition were revised downward
• The Warenkorb for the official statistics to large parts from factors exists, which are not so noticed in the everyday life (e.g. rents, river, water, etc.), which increased in price in the case of the conversion on the euro however not substantially or even sank at the same time.

If in the sense of the euro Fairness during the currency reform also frequent "„bent "“price markings were to be seen (e.g. "€ 0.46 for DM 0.89), then the new prices in euro on threshold price already common from DM times (e.g. "€ 0.49) were also often specified. The prices were mostly raised thereby and lowered in individual cases also slightly.

On the part of the German Federal Government at that time a promise was present, nobody must "“by the introduction of the euro more pay than before"”. Therefore the retail trade began to already raise months before the euro-cash introduction the prices for a set of goods. Thus these retailers could recruit later after the euro-conversion by rounding off still for some time very effectively with price reductions, even if the goods were still more expensive than before. Gladly with equal lasting selling price packing contents were inconspicuously reduced - e.g. of 500g contents on 400g or of 375g on 325g - with otherwise unchanged appearance of the Umverpackung.

Inflationary tendencies were most frequent with fresh goods to determine with cinema tickets, services and in restaurants.

Often old humans no more cannot get accustomed and do to the currency reform itself with the euro very heavily, by having still the German Mark in the sense and also about "“D-mark"” to talk, while they pay at the same time with the euro.

Consumer price index

After the consumer price index of the German statistic federal office the price increase in Germany amounted to for the first two and a half years since introduction of the euro-cash in January 2002 altogether 3.3%. In the two and a half years before - last DM - the consumer prices rose around altogether 4.3%.

Center of the yearly 2001 registered the consumer price index a clearer rise of the prices in Germany compared with the previous months. This was however the far under rates of growth, at the beginning of the 1990er years was registered (up to 6,3% rise of the price index in the comparison to the previous year month).

Also it is to be noticed that already in 2. Quarter 2002 a clear correction began. Cases of clear price increase were corrected mostly downward by the market.

Propagation of the technical term

Against far common opinions is not "“Teuro"” a word creation of the news magazine focus. Author is the satire magazine Titanic, which already in February 1997, thus briefly after the decision for the final name of the new currency, of which completely, warned completely stupid wordplay in the of Kabarettisten and moderators.

The technical term was selected both in Germany and in Austria for the word of the yearly for 2002.

Not only in Germany, but also in other countries participating in the euro the vernacular renamed the euro. The Spanish equivalent for Teuro is Redondo and comes from redondear = rounds up.

Designation TEuro in the economy

In the economy the designation becomes TEuro however also as abbreviation for one thousand euro uses, similarly to in former times common abbreviation TDM for thousand DM. TEuro is used however exclusively in the correspondence and always as "“thousand euro"” spoken, in order to avoid mistakes with the negatively occupied term "“Teuro"”. Example: 25 TEuro = expressed "“25 thousand euro"”.

Related links

• Two and a half years euro: Smaller price increase than at times of DM press release of the Federal Statistical Office from 27 July 2004
• One year euro one year - Investigation of the Federal Statistical Office for price history after the euro-introduction
• Teuro or - Investigation of the specialist area psychology of the University of Hamburg (pdf file)
• Euro or nevertheless
• The "“Teuro illusion"” - to study DO Dresden for price perception after the euro-introduction

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