Inflation in Germany continued to rise
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.
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)
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