3 ms·
Yeah I don't get that either. Here's the German Federal Statical Office in April(It's worse now). A lot of food markets have increased prices over 50%. Electric
by rjzzleep 4y ago
Yeah I don't get that either. Here's the German Federal Statical Office in April(It's worse now). A lot of food markets have increased prices over 50%. Electricity just last year doubled in price. And a lot of these commodities are absolutely crucial for the German economy.
"Import prices in Germany increased 31.7% year-on-year in April of 2022, the new highest since the first oil crisis in 1974 and compared with a 31.2% increase in March and forecasts of 32%. Energy imports were 157.4% more expensive than in April 2021, namely natural gas (+301.2%) and crude oil (+77.5%). Excluding crude oil and mineral oil products, import prices increased by 27.6% compared with a year earlier. Other price increases were also recorded for fertilizers and nitrogen (+185.6%); aluminum (+78.4%); iron, steel and ferroalloys (+58%); plastics (+27.7%); machines (+7.9%); motor vehicles and parts (+5.7%); food (+20.7%); pharmaceuticals (+9.5%); green coffee (+68.6%) and cereals (+55.8%). Compared to the previous month, import prices rose 1.8%, lower than 5.7% in March. source: Federal Statistical Office"
https://tradingeconomics.com/germany/import-prices https://tradingeconomics.com/germany/import-prices