Estimated inflation in Germany highest in decades

Estimated inflation in Germany highest in decades

Estimated inflation in Germany highest in decades — — -Brussels (Brussels Morning) According to preliminary records of the German Federal Statistical Office (Destatis) released on Monday, annual inflation rate reached 3.9% this month.

Destatis pointed out that the last time inflation was higher was at the end of 1993, when it stood at 4.3%, according to DW reporting on Monday.

Consumer prices in Germany have been rising for months due to tapering of temporary reduction of value-added tax (VAT) and growing prices of food and energy.

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