And it has only just begun… Will we see a free thinking patriot run Germany by the next election? Hmmm
OFFICIAL: 🇩🇪 GERMAN INFLATION HITS 10.9%
HIGHEST IN 70 YEARS
— Bitcoin Magazine (@BitcoinMagazine) September 29, 2022
German inflation has crossed 10%, the highest it has ever been in the post-WWII era. There is no indication it will slow down. For many, the nightmare scenario is here – Patrick Lowry
- German inflation hits double digits for 1st time since WWII. Sept CPI accelerated to 10% from 7.9% in Aug. Chancellor says they will create €200 billion stabilization fund. [EU economies are wrecking themselves while trying to punish Russia. Least smart policy in 100 years.] – Cate Long
- Today’s German inflation numbers are nothing short of disastrous (10% CPI; 10.9% HICP), but politics are shifting. A cap on gas prices is a crucial step, way more important than anything the ECB could do at this stage. Frederik Ducrozet
- European Central Bank Chief Economist Lane, ECB “cash rate still some way below neutral.” As ECB ramps up inflation busting German fiscal policy promotes it! Germany announce €$200bn stimulus to help households and businesses with energy costs. But Not to extent Truss has! – Alasdair Thompson
German inflation hits double digits for the first time in over 20 years as September CPI accelerates to 10% from 7.9% in August 🚨
Will Europe’s largest economy fall into a recession?
82.88% of retail CFD Accounts lose money. pic.twitter.com/qnS65kBpT9
— Stryk by BUX (@strykapp) September 29, 2022
German inflation could have hit 10.0% y/y in Sep based on regional CPI data. Energy (~44% from 35.6%) & transport (~13% from 3.7%) costs surged as temp. fiscal measures ended. A drop in package holiday prices offset small increases in core categories that weren’t hit by fiscal
We point political fingers at each other about global issues. Here’s German inflation. That Brandon’s fault too? pic.twitter.com/bxP33edUL3
— Dave Pell (@davepell) September 29, 2022