Posted on 03/01/2023 7:15:17 AM PST by Oldeconomybuyer
Germany's federal statistics office Destatis said on Wednesday that February's inflation rate was 8.7%, the same as the previous month.
This dashed hopes consumer prices would continue to decline slightly, as they had in the autumn after a high of 10.4% in October.
Skyrocketing energy and food prices continued to drive the high inflation rate, despite government measures to decrease the energy burden on consumers and the European Central Bank (ECB) gradually raising interest rates to further dampen inflation.
Energy costs in February 2023 were 19.1% more than the same time in 2022, while food prices were 21.8% higher.
Destatis noted that while energy prices had "eased slightly," food continued to show "above average growth."
Average inflation in Germany in 2022 was 7.9%, a post-war record.
(Excerpt) Read more at dw.com ...
S Germany: Inflation 8.7% higher in February than last year”
Sorry Germany, we didn’t consider that when we BLEW UP YOUR PIPELINE.
Sooner or later they’ll figure out that Brandon is running/ruining their government...and that’s what’s causing the mess.
Even inflation is inflating.
There is one person responsible - Biden.
Yeah, bad headline.
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