High inflation here to stay for coming months, says German industry

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Germany's inflation rate is unlikely to decline rapidly at present and the European Central Bank's target of 2% will only become feasible by the middle of the decade, the BDI industry association said in a survey for Reuters published on Friday.

to 11.3% in November from a high of 11.6% the month prior, is no longer driven primarily by energy costs but by a host of factors, BDI President Siegfried Russwurm said in a survey of several industry associations.

Russwurm said more measures would be decided on by the ECB, which the BDI expects to dampen investment activity.

 

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The Weimer-era is here. Try to remember how that ended.

Damn, I'm so hungry I could maybe even nibble the dingle-berries from my 72-years old wife's hippo-like ar

Weren’t we told it was transitory? This is what socialism/communism is. Food, shelter, medicine & energy are kept at a substance level while the elites live like Kings.

They're paying for allowing uncle Sam meddle in their politics. 😌.

Well, the globalist socialists run Biden through Obama, so not surprising.

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