Which costs are rising in Germany as high fuel prices drive inflation?
News Source : The Local Germany
News Summary
- After weeks of steeply rising fuel prices, the prices of consumer goods are beginning to creep upward.
- In March inflation in Germany was up to 2.7 percent, the highest level seen since January 2024.
- So far inflation has been driven mainly by energy prices – which rose sharply in March for the first time since December 2023.
- But in a fossil fuel powered economy, when oil prices rise all else is sure to follow.
- Everything from your monthly grocery bill to the cost of a trip to the local spring festival is expected to rise in the coming weeks and months.
Consumers in Germany have been bracing for widespread inflation since war broke out in the Middle East. Heres a look at where prices are beginning to trend upward. After weeks of steeply rising fu [+6153 chars]
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