In March of this year, growth in prices of producers of industrial products reached 30.9% annually, in April-33.5%.
In April this year, industrial producer prices in Germany rose by 33.5% annually. This was reported by the Financial Times with reference to the Federal Statistics Agency.
It is reported that the last time such rates were recorded was in 1949.
In March, the price increase reached 30.9% annually, in April – 33.5%.
In April, energy producer prices in Germany rose 87% annually.
The situation was affected by problems due to the war unleashed by Russia against Ukraine, as well as new lockdowns in China due to the COVID-19 incident.
Ralph Solvin, an economist at Commerzbank, noted that it is putting additional pressure on the European Central Bank to quickly normalize its monetary policy: stop asset purchases against the crisis and raise interest rates to combat inflation.
Recall that Germany has promised to allocate approximately one billion euros of budget support for Ukraine.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.