German inflation hits four-decade high ...News

Russia Today - Economy
German inflation hits four-decade high
source : Russia Today ( News ) () 25
Soaring energy costs are pushing consumer prices higher Inflation in Germany reached its highest level since 1981 in April, propelled by the surging prices of oil, gas and petrochemicals, official data indicates. According to the Federal Statistics Office, consumer prices, harmonized to make them comparable with inflation data from other European Union states (HICP), increased at an annual 7.8% rate in April, up from 7.6% in March. Eurozone inflation hit a record high last month. “The hoped-for slight easing of inflationary pressure, which seemed tangible in view of the fall in petrol prices, once again failed to

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