Energy prices, in particular, have increased considerably since the war started in Ukraine and have had a considerable impact on the high inflation rate.
The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier.
A similarly high inflation rate was last recorded in Germany in autumn 1981 when mineral oil prices had sharply increased, too, as a consequence of the first Gulf war between Iraq and Iran.
Additional factors this time are delivery bottlenecks due to interruptions in supply chains caused by the COVID-19 pandemic and the marked price increases at upstream stages in the economic process, Destatis said in a release.
ALCHEMPro News Desk (DS)
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