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  • Inflation rate at +7.9% in May 2022

    From destatis.de

    The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +7.9% in May 2022. “The inflation rate thus reached an all-time high for the third month in a row since German reunification. The main reason for the high inflation still is price rises for energy products. But we also see price increases for many other goods, especially food”, said Dr. Georg Thiel, President of the Federal Statistical Office (Destatis). “A similarly high inflation rate was last recorded in the former territory of the Federal Republic in winter 1973/1974 when mineral oil prices had ... (full story)

Even a bottle of natural water has doubled or tripled on the German gas stations. Go figure (:

Although due to higher energy costs it makes sense that some items has increased in price the manufacturers and resellers do not waste a good opportunity to increase prices beyond reasonable levels.
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