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Outcome of Russian energy embargo for Germans predicted
source : Russia Today ( News ) () 26
Deutsche Bank’s VP forecasts a 10% consumer price hike Consumer prices in Germany will see a 7-8% increase in 2022, Karl von Rohr, the vice president of Deutsche Bank, told the Frankfurter Allgemeine newspaper. However, if the government restricts Russian energy imports, prices could spike 10% or more in the coming months. “If energy imports are more limited, we may even see 10% or more. We must brace ourselves for inflation rates not seen since the 1970s,” von Rohr stated. Last month, the annual inflation rate in Germany reached a record high of 7.3%. Prices have been soaring after the EU and a number of other co

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