Posted on 07/29/2021 9:12:48 AM PDT by Olog-hai
Inflation in Germany surged to 3.8% in July, compared to the same time last year, according to the country’s Federal Statistical Office on Thursday.
This was the first time since August 2008 that the annual inflation rate in Europe’s largest economy rose to above 3%.
On a month-on-month basis, prices rose by 0.9% from June to July.
Destatis, the German name for the statistics institute, calculated the number based on a preliminary calculation. […]
[E]nergy prices … have been rising faster than the general average for months now. In addition, consumers burning fossil fuels have had to pay €25 ($29.70) per ton of CO2 emitted since January. […]
Germany is traditionally wary of inflation for historical reasons. Extreme hyperinflation in the early 1920s devastated the economy. It fueled political instability in the fledgling Weimar Republic that preceded Nazi rule. …
(Excerpt) Read more at dw.com ...
Cheapskates..................
Lucky for us that Pedo Joe has prevented those kind of numbers in check here. Hello? Hello? /$
Quick, Frau Merkel. Declare that this inflation is “transitory”.
It’s time for a real life economics lesson for the younger crowd. They’re not going to enjoy this.
It’s nothing Biden has beaten that number to a 4.5% and climbing.
Venezuela target nearing.
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