Germany’s Producer Price Soars to Record High as Inflation Raises Production Costs
Germany’s producer prices hit a record high in May as soaring energy costs and inflation continue to push production costs through the roof.
Germany’s producer prices hit a record high in May as soaring energy costs and inflation continue to push production costs through the roof.
Germany has narrowly avoided a recession in the first quarter as its economy comes under increasing pressure from the Ukraine invasion and the lingering impact of the pandemic.
Germany has just dealt a massive blow to President Vladimir Putin’s loyal circle by seizing a Russian oligarch’s $600 million yacht.
Of the recorded cases of Omicron in Germany, almost 96 percent of people who tested positive for the COVID-19 variant are “fully vaccinated,” according to a bombshell government report.