Inflation in Germany rose to 7.9 percent in May this year, from 7.4 percent a month ago. This has been reported TASS With reference to information from the Federal Statistical Office.
These values in Germany corresponded to the forecast for the end of spring.
It turned out that similar rates were observed in Germany in the winter of 1973-1974 for the last time. Then came the oil crisis.
Energy prices increased after the start of special military operations in Ukraine. Another factor in the rise in prices could be the disruption of supply chains during the pandemic.
According to the forecast of the federal bank “Bundesbank”, inflation will be 7.1% by the end of 2022.
The German economy before output In an existential crisis over Ukraine.
Also in Germany warnedWithout Russian gas, the country will enter a serious crisis.
Source: Gazeta

Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.