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German consumer prices climb again in May

AFP
AFP - news@thelocal.de
German consumer prices climb again in May
People pay for shopping in a Bavarian store. Photo: picture alliance / dpa | Armin Weigel

Germany reported another jump in inflation in May as the war in Ukraine continued to push up food and energy prices, heaping pressure on the European Central Bank to speed up interest rate rises.

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Anonymous 2022/05/31 09:28
There is nothing the ECB or any of the central banks can do about this current bout of inflation as it not being caused by an overheating economy. It is not demand led. Real wages are not increasing and people do not have excess cash sloshing around. Yes the war and Covid have affected the supply chain to sum degree, and this is being exacerbated by the crass stupidity of sanctions, but the real cause of the increase in the cost of living is corporate gouging and profiteering.

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