Germany: Inflation hits 28-year high

Inflation in Germany continued to rise in August this year, pushing up commodity prices.

According to German officials, the rise in commodity prices this year has now reached 3.9 percent. Economists believe that this trend of rising prices may continue in the coming months as the annual rate of inflation does not seem likely to stop at present.

According to German media, this is the highest increase in inflation in the last quarter of a century. The last time Germany’s annual inflation rate rose was in 1993, when it reached 4.3 percent. Rising inflation in Germany, Europe’s biggest economic power, has pushed up petrol and gas prices, as well as food prices.

Economists predict that rising commodity prices will continue to rise in the coming months and that ordinary consumers will feel the burden of this increase. Some experts estimate that inflation in Germany is likely to reach 5%.


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