17 January 2023

German Inflation Hits 7.9 Percent in 2022

International and Arabic

Berlin, January 17 (QNA) - Inflation in Germany last year rose to its highest level since 1990, with an average increase in consumer prices of 7.9%, compared to 3.1% in 2021.

The Federal Statistical Office indicated on Tuesday that the rise in inflation in Germany slowed down at a high level last December, as consumer prices increased by 8.6% on an annual basis, and consumers in Germany were forced to pay 24.4% more for energy, and food prices increased by 20.7%.

Last November, the annual inflation rate reached 10%, while last October it reached a record level of 10.4%, and consumer prices fell from November to December 2022 by 0.8%.

Germany is trying to ease the burden on businesses and consumers with billions of euros in aid... This year, measures will be introduced aimed at curbing electricity and gas prices, to limit the consequences of increased costs for homes and businesses.



Economy, International
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