Germany's productive inflation makes history

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Germany's productive inflation reached very high levels in August and is historic.

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Talking about the reason for this, Destatis gave the reason and said that all this happened because of energy.

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If we talk about Germany's producer prices, in August it increased by 45.8% against the previous year, which is itself a historical high.

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If we talk about monthly producer inflation, then the prices have increased by 7.9% in August compared to July 2022.

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Productive inflation increased to 37.2% this July over the previous July and was 32.7% in June.

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Although Europe's inflation is at 8.8%, energy prices are skyrocketing due to the war between Ukraine and Russia.

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If we talk about the reports, then this consumer price inflation is expected to reach even newer ranks in the coming months.

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