Posted on 04/20/2022 3:14:44 PM PDT by hardspunned
The German government released their version of the producer price index for inflation, and they are reporting 30.9% inflation for products leaving German factories. [DETAILS HERE] That’s the highest rate of inflation since shortly after the second world war.
The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year. However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns. The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.
(Excerpt) Read more at theconservativetreehouse.com ...
Looks like the sanctions are hurting the Western economies as much as they are the Russian’s economy. If it’s that bad n Germany imagine how much worse it is in the other European states.
“Looks like the sanctions are hurting the Western economies as much as they are the Russian’s economy.”
Not really. The Euro has been getting hit by inflation pretty steady since its inception. I think it’s just fashionable right now to blame ongoing failures on the very recent actions of Putin.
https://www.inflationtool.com/euro
But Angela Merkel will experience no shortage of her heart’s desire to maintain that tubby figure...
It’s not true, but you read it.
They got rid of their nuke plants, so now they rely on foreign oil, and pollution has gone way up. What’s not to like?
yes
That oughta put a stop to BMW & Mercedes & Porsche sales here........
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.