Inflation in Germany continued to rise

By: Trademagazin editor Date: 2022. 04. 28. 11:02

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Forty-one years ago, inflation in Germany rose to its highest level, at 7.4 percent, according to a preliminary report by the Federal Statistical Office (Destatis) based on preliminary data, which highlighted that the process was largely determined by Russia’s war against Ukraine.

German inflation breaks a more than four decades record

Destatis reports that energy prices, in particular, have risen significantly since the start of the war in Ukraine and have a major impact on high inflation. The last time inflation in Germany was similarly high was in the fall of 1981, when the war between Iraq and Iran led to a sharp rise in oil prices, they pointed out. (MTI)