Posted on 04/30/2022 8:42:22 AM PDT by blam
Inflation rose to its highest level in over four decades in Germany, as the economic fallout from years of lockdown restrictions and the Russian invasion of Ukraine continue to bite the leading economic power of the European Union.
Germany’s statistics agency Destatis announced on Thursday that consumer prices rose by 7.4 per cent in the month of April compared to the same time last year. The inflation rate is the highest level since 1981 in West Germany, when the country was divided by the Berlin Wall.
The government agency said that fuel costs, which have been steadily rising since last Summer as lockdown restrictions began to ease, have had the largest impact on the soaring inflation in the country.
“Energy prices, in particular, have increased considerably since the war started in Ukraine,” Destatis said per public broadcaster Deutsche Welle.
Despite the growing energy crisis, the leftist government in Germany has so far refused to back down from its green agenda, upholding a ban on fracking and making preparations to shut down the country’s remaining nuclear power plants.
Germany has already been facing warnings of a recession should Russian energy supplies dry up.
‘Blackmail’: Russia Shuts off Gas to EU States Poland, Bulgaria, Energy Prices Soar on Newshttps://t.co/wxpNajLjEK
— Breitbart London (@BreitbartLondon) April 27, 2022
Things may go from bad to worse for Germany, as it is currently facing the threat of Russia shutting off its energy supplies as it has already done with Poland and Bulgaria for refusing to purchase gas from Moscow in rubles, as Vladimir Putin has demanded.
Chancellor Olaf Scholz said on Friday that while he would not “speculate” on this potential eventuality...
(snip)
(Excerpt) Read more at breitbart.com ...
More sticking it to Putin!!!?
The race is on, to see if the residents of the disUnited States or Germany are going to be first to need a wheelbarrow full of cash to purchase a loaf of bread.
That should workout well with no nuke power and stopping Russian gas & oil this December.
7.4% is high inflation.
Weimar inflation was 30,000% .......... per month.
I think we’re a bit away from Weimar.
Germany’s statistics agency Destatis announced on Thursday that consumer prices rose by 7.4 per cent in the month
************
If that number is as manipulated as ours is the real rise must be in double digits.
Germany won’t be handing out $$$$ to the EU as in the past now. hey relied on Germany to tow the line of EU nations when any needed a hand.
First time they have had sanctions hit us just as hard as the “target”.
Weimar inflation?
Hyperbole much?
Footnote- the 2018 prices are no longer valid since inflation has taken off, even worse, in the past two years!!!
Adjustments: $20 in 2022 buys you:
4.4 gallons of gas
4 gallons of milk
4 dozen eggs
etc....
Yes, but I bought $20 dollars worth of US equities in 1932, and that’s worth $287,612.94
(That’s the real calculation, by the way. You can buy a lot of eggs with that. The US economy hasn’t been great if you stuffed paper money in a mattress, but if you have been in this country since the 1930s and you’re not somewhat wealthy, that stuff is on you.)
You know how this ends—with the “Man on a White Horse” dictator (or Emperor—Leader) who will fix things. Lets hope this new fellow (or women) doesn’t hate Jews like the last one. Well, at least they had fun with their Cabarets before the new fascists take over and impose order. Enjoy the torch light parades!
True, there’s was also deliberate.
Your not in California! Worse is the People’s Republic!
Thank you traitors FDR and Nixon. 😡😡
If only it was just those two.
Your post actually explains a lot of the economic equality.
Those who chose to save and invest have generally done well—those who either chose not to or couldn’t afford to do so fell further and further behind.
That is the nasty side of inflation the Democrats do not want to talk about—it crushes the hope of the poor and near poor.
Correction—economic inequality
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