Germany’s central bank (Bundesbank) has warned that even a planned cap on gas and electricity prices will not be enough to reduce inflation from its current double-digit rate.
Inflation in Germany may remain in double digits for another two years as business operating costs have risen and in some cases ballooned, the head of the council of economists that advises the German government said today.
The Russian invasion of Ukraine has further increased already high food and energy costs, pushing inflation in Germany to the fastest rate since the early 1950s, while consumer prices rose around 11.3% in November.
Germany’s central bank (Bundesbank) has warned that even a planned cap on gas and electricity prices will not be enough to reduce inflation from its current double-digit rate.
RES-EMP
Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.
