Inflation in Germany has dropped to its lowest level in 18 months. The consumer prices were 4.5% higher than last year's level, confirming an initial estimate by the Federal Statistical Office. The rate had risen by 6.1% the previous year. This comes after the onset of the Ukraine war, which saw a rapid increase in energy prices, contributing to the overall inflation. Food prices remain a significant concern, having increased by 7.5% compared to last year
33 sats \ 3 replies \ @BlokchainB 11 Oct 2023
Food yikes
reply
50 sats \ 2 replies \ @TomK OP 11 Oct 2023
Ze bugs will save them
reply
0 sats \ 1 reply \ @BlokchainB 11 Oct 2023
Sadness
reply
0 sats \ 0 replies \ @TomK OP 11 Oct 2023
Yes. Indeed.
reply
33 sats \ 1 reply \ @knyght 11 Oct 2023
Do you have data on wages?
reply
10 sats \ 0 replies \ @TomK OP 11 Oct 2023
2nd quarter wage growth has been 6.6% inflation 6.5
reply
0 sats \ 1 reply \ @Undisciplined 11 Oct 2023
Was ECB printing as out of control as the Fed's during Covid and into the Ukraine conflict?
reply
0 sats \ 0 replies \ @TomK OP 11 Oct 2023
I think these institutions follow their keynesian war plan. Therefore in their opinion they had anything under control.
reply