Rising energy costs due to anti-Russia sanctions are pushing up consumer prices Annual inflation in Germany accelerated to 7.9% in May, final estimates from the country's Federal Statistical Office (Destatis) show. In May alone, consumer prices rose by 0.9%, after jumping 0.8% in April. According to the agency’s press release on Tuesday, it’s the largest inflationary spike to hit Europe’s largest economy in almost half a century. “Inflation in united Germany shows a maximum for the third month in a row. The main reason for high inflation is still rising energy prices. We are also seeing an increase in prices for m
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