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Germany battles record inflation, rising prices

14 July 2022
23719
2022-07-14 10:12

Inflation in Germany is causing a "dramatic social crisis" that could worsen in the coming months and requires permanent solutions.

Price jumps for energy and now also for food, stoked by the conflict in Ukraine, are fueling inflation in Europe's largest economy.The president of the German Institute of Economic Research called for further relief for low-wage earners and said the government has to come up with new, effective and long-lasting measures immediately.At a food bank in Duesseldorf, volunteers are seeing increasing numbers of residents asking for help, including those who already benefit from social security.

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