According to DWN, who cited the Federal Statistical Office, Germany’s inflation rate has risen to its highest level since 1951.
According to the newspaper, “the inflation rate in October 2022, reached 10. 4%, compared to last year.” While the cost of energy has risen more than other commodities.
The cost of energy resources has significantly increased, according to the newspaper, and this is the primary cause of rising inflation. The cost of it has increased by 43%.
Particularly, the cost of household electricity skyrocketed.
According to statistics information, heating costs increased by 35.6 percent, while natural gas prices increased by 109.8%.
Additionally, there was a 20.3% increase in food prices from October of last year.
The newspaper reported that “vegetable oils, dairy products, eggs, and vegetables, as well as bread and flour products, all saw price increases.”
The newspaper offers consumers advice on how to get ready for the impending price increases.
the Raya Novosti newspaper.
DWN: Germany’s inflation surpasses the mark set in 1951.
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