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Energy Shortages Continue Powering Inflation In Europe...Reaching "Record 8.9 Percent"!

Energy Shortages Continue Powering Inflation In Europe…Reaching “Record 8.9 Percent”!

By on 31. August 2022

Zurich’s online NZZ daily warns that come autumn, inflation in Germany could reach “double-digit figures for the first time since 1951”. The inflation rate in Germany in August rose to 7.9 percent, up from 7.5% a month earlier. Chart source: Statista. “At such a rate, the purchasing power of money melts like snow in the […]

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