The German producer goods price index in March was down 30.9 percent. higher than in the same period a year ago. The Financial Times emphasizes that it is too most since the beginning of data collection – i.e. since 1949
The pace of German producer price inflation is now more than twice as fast as in the 1970s, an era marked by stagflation, a period of low growth and high inflation.
Germany was struggling with inflation in Ukraine even before the war. Now it is much worse – the country is dependent on Russian raw materials, but also on agricultural products from Ukraine.
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