Highest inflation in Germany since the 1990s

blank

High energy costs in Germany pushed inflation to record levels.

According to leading data, annual inflation rate in line with the EU was recorded as 7.6 percent in March. Economists surveyed by Bloomberg had expected 6.8 percent.

Monthly inflation was 2.5 percent. The expectation for this data was determined as 1.9 percent.

Data showed that inflation in the country has reached its highest level since the early 1990s.

High inflation expectation from Lagarde

European Central Bank President Christine Lagarde said that if the Russia-Ukraine war lasts, its economic cost will be high.

Speaking at an event organized by the Central Bank of Southern Cyprus, Lagarde stated that the war launched by Russia in Ukraine “shadows” the economic outlook in the Eurozone.

Stating that the war caused a loss of confidence and increased energy and food prices, Lagarde said, “Europe is entering a difficult period. In the short term, we will face higher inflation and slower economic growth.” said.

Lagarde, noting that there is significant uncertainty about how big these effects will be and how long they will last, said, “The longer the war (Russia Ukraine war), the higher the costs are likely to be.” she used the phrase.

About admin

blank

Check Also

bidens-statement-on-the-1915-events-hH8pN7Y5

Biden’s statement on the 1915 events

US President Biden made a written statement regarding the 1915 events. Biden, in his statement, said, "The Ottoman authorities arrested ...

Leave a Reply

Your email address will not be published.