Posted on 03/21/2022 11:50:34 PM PDT by RomanSoldier19
German producer prices rose in January at their fastest rate since modern records began, soaring 25% as energy costs spiraled and extending a run of sharp increases expected to keep consumer inflation at around 5% for several months more.
The jump in PPI, considered a leading indicator for consumer prices, was the biggest since 1949, when West and East Germany were founded and the country’s post-war economic data series began.
Analysts polled by Reuters had expected the figure, published on Monday by the Federal Statistics Office, to remain at December’s 24.2%. Sharp increases of 18.4% and 19.2% respectively were logged in October and November, respectively.
(Excerpt) Read more at nationalpost.com ...
And Putin continues to laugh all the way to the bank from massive increases in oil and natural gas prices.
The US president shizzes his pants, and The Greenies continue to be Putin puppets.
A nuke plant on the Ring of Fire gets tsunamied, and Germany shuts all of theirs down.
And I thought Krauts were smart.
East Germany wants to rebuild the wall.
Our PPI will be following close behind Germany’s...the new pressure...potash prices spiking due to CN Rail strike in Canada...just in time for the midwest Spring planting season.
https://ycharts.com/indicators/potassium_chloride_muriate_of_potash_spot_price
Easy peasy. Just spin the windmills faster.
Plus, there will be no planting season in Ukraine this year. That means real food shortages not just supply chain cock-ups.
The rest of the world won’t have fertilizers as well.
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