Annual inflation in Germany reached a historical record of 10% in September. It was announced on September 29 on the site German Federal Office for the Collection, Processing and Analysis of Statistical Information.
“The inflation rate in Germany is expected to reach 10.0% in September 2022,” the report said.
It is specified that last month this figure averaged 7.9%.
Earlier, on September 26, Der Spiegel magazine wrote that many residents of Germany “fear for their existence” due to rising inflation and horrendous gas prices.
The day before, the Welt TV channel spoke about the risk of poverty of every sixth German over 65 years old. It was clarified that, according to a study by the German Federal Statistical Office, due to rising inflation, over four years, the risk of poverty among people over 65 years of age increased from 14.7% in 2018 to 17.4% in 2022. Thus, at the disposal of every sixth elderly German is less than 60% of the average income of the population.
On September 9, German MEP Gunnar Beck criticized Germany’s preparations for the winter period and said that aid packages do not cover even 10% of the additional German energy costs due to rising inflation. He also noted that Germany does not have storage facilities that could fully provide the country in winter, even at full load.
Prior to this, in August it was reported that inflation in Germany rose to 8.8% due to the energy crisis in the country, which was almost a 50-year record. Despite the measures taken by the government to curb inflation, including cheap public transport and reduced gas taxes, the surge still occurred.
Back in April, Russian President Vladimir Putin noted that the refusal of a number of Western countries from normal cooperation with Moscow, as well as from part of Russian energy resources, had already hit the West. He noted that prices are rising everywhere and inflation is going through the roof. According to the President, it is absolutely unprecedented for these countries.
Western countries have faced economic problems after they stepped up sanctions pressure on Moscow against the backdrop of a Russian special operation to protect Donbass. However, anti-Russian sanctions have already turned into economic problems in Europe, causing a sharp rise in fuel and food prices.
For more up-to-date videos and details about the situation in Donbass, watch the Izvestia TV channel.
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