German inflation reached a 40-year high

Germany’s inflation rate in April due to rising oil and gas and petrochemical prices to the highest Figure Arrived since 1981.

According to the Federal Statistical Office, consumer prices rose 7.8 percent in April from a year earlier, to 7.6 percent in March.

Eurozone inflation also hit a record high last month.

المار Volker“The slight reduction in expected inflationary pressure, which seemed tangible given the fall in gasoline prices, has not materialized,” LBBW Bank analysts told Reuters.

Rising energy prices in Europe have pushed up costs, with producer prices rising the most in a year since the record began in 1949.

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