how germany copes with inflation

by time news

Across the Rhine, inflation is regularly scrutinized by policy makers. But since the start of the war in Ukraine, the rise in prices has particularly worried the German authorities. In March, it reached 7.3% in one year, the largest increase in the country for forty years. “In April, supermarket prices increased on average by 8.5% compared to the previous year, ensures the daily mirrorwhich partly links the phenomenon to the decrease in Ukrainian grain deliveries. The price of wheat on international markets has more than doubled compared to last July.”

Faced with this trend, which could worsen in the months to come, “the German government has reacted: it has drawn up two economic support plans, with measures to help the population”, pick it up Southgerman newspaper, adding that a third round of measures is under consideration.

These include, among others, several types of allowances for employees and the self-employed, aid for recipients of unemployment benefits or social benefits and the abolition of the tax on renewable energies. Allowances of 300 euros per taxpayer and 100 euros per dependent child have also been validated, t

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