Topic: Inflation in Germany hits double digits for the first time since WWII - page 2. (Read 274 times)

From what I understand their inflation is very bad because energy costs are so high they affect the suppliers. Since electricity is so expensive, the manufactures need to add costs to their products, and there is still expensive freight and costs to maintain a superstore cooled and stocked and everything.

I just think with Covid first, and then the war with all this energy crisis, they picked the worse time to be energy efficient. Hopefully they will have enough natural gas for the winter. According to the latest report they seem to be stocked for the entire year.

World's grown nations experiencing the worst, what'll be the situation of the third world countries. More third world countries on the edge. Situations same as that we encountered with Sri Lanka can happen. From the covid-19 the country seems to experience its hard days as majority of its economy is dependent over the automobile industry. Germany's workers shortage is also considered as a major reason for the economic situation.

More sad story about Inflation, top nations are battling the current global inflation now imagine what a third world country is going through right now.
Germany is part of the countries in Europe that have experienced a good economy for a long time, I have always had much respect for the leadership of the country and how policy are made by the government. So if it had gotten to the stage in the country inflation crises then its a matter of time before more policies are made to tackle it. I would love to see a country that tackles inflation without making life more difficult for its citizens. Probably with the global economic meltdown and inflation taking over leaders would look into a more digital currency approach.

Really, and how about the war that has been going on in Ukraine. If COVID-19 even slightly led to inflation, then that war obviously made it much worse. Look at the graph again, if the major cause was COVID-19, then it shouldn't have been moderately sideways during the time when the pandemic hit so hard but when the war started, things just went uphill

I am thinking this is all due to the spillover effects of Sanctions

The recent sabotage on the Nord Stream is a control shot in the head for the German economy. It is still moving, but already an economic corpse. I did not look at the latest statistics, but in July industrial inflation in Germany exceeded 37%, that is, the production of goods in Germany rose by more than a third in a year. This is a fairly reliable leading indicator for consumer inflation.

It seems that everyone is worried about inflation, but reading this part of the forum in the last half year I got the impression that everyone is fascinated with Germany or the US, as if the rest of the world lives in prosperity and inflation no longer exists. Although Germany is always perceived as some kind of leading economy of the EU on which everything depends, I think that this will gradually come to an end, because as the leading country of the EU, it was they who created the policy that created such a great dependence on Russian gas and oil.

Now that Merkel is no longer present in the political arena, the political influence of that country will weaken considerably within the EU, and even more so in international relations. In addition, Germany's position in terms of military aid is very bad when it comes to Ukraine, so the question arises as to why they are so restrained in contrast to others, but perhaps one should ask their Israeli friends who share their attitude.

It is incredible that in the light of what is happening, some things come to the surface and that those who have experienced great suffering in their history have no sympathy for the suffering of others. Regarding inflation in Germany, there is a very appropriate statement that says "as you sow, so shall you reap". The only problem in all of this is that Germany is part of the EU and the Eurozone, so everyone will suffer the consequences - but that's why there will be more and more countries that will go in the direction of Hungary or, more recently, Italy.

That’s interesting news from a very developed nation as well as economical strong nation that is Germany. I was just searching few articles to see where at Germany stands in terms of GDP. Surprisingly developing nation like India is 5th in the rank just behind Germany which is 4th in rank by means of their GDP. The GDP’s are at $3.2 trillion and $4.2 trillion for India and Germany respectively. If Germany Keeps its growth like this (steady & into inflation) then it’s projected that India might cross Germany in terms of GDP. However there is one hurdle in this, Germany needs to be at stagnancy while India needs to be at 7 percent per annum.

Im amused why Germany is slowing down like this and that’s why made Short comparison. They can do better I think and I don’t think we should blame on pandemic all the way up. Since India thrived anyways they never stopped growing. Germany can too.

I can understand that COVID-19 and all the economic consequences have contributed to the poor economic situation of many countries, but a strong economy like the German economy needs more than one blow to reach inflation levels of 10%, and therefore it is not logical to blame the pandemic.
What is happening are profound changes in the global economy.

CPI shoots up from 7.9% to 10%



Food Inflation                            15.7 %                          Aug/22
Inflation Rate YoY                    10 %                          Sep/22
Inflation Rate Mom                    1.9 %                          Sep/22
Core Consumer Prices              114 Index Points                  Aug/22
Core Inflation Rate                    3.5 %                          Aug/22
CPI Housing Utilities                    120 Index Points                  Aug/22
CPI Transportation                    119 Index Points                  Aug/22
Harmonised Consumer Prices     122 Index Points                  Sep/22

Source ---> https://take-profit.org/en/statistics/inflation-rate/germany/