The German Central Bank expects that the inflation rate is likely to reach two digits this autumn

Author:Xinhuanet Time:2022.08.21

Xinhua News Agency, Beijing, August 21st. In recent months, Germany's inflation rate hovered at about 8%, and prices continued to rise. The Governor of the German Bank of Germany, Joahim Nagel, predicts that the inflation rate of this EU's largest economy may reach double digits this fall.

On April 28, tourists visited Paris Plaza on the east of Brandonburg, Berlin, Germany. Xinhua News Agency reporter Ren Pengfei

According to data from the German Federal Bureau of Statistics, the inflation rate of Germany soared to 7.9%in May this year, setting a new high since 1990 for three consecutive months; the inflation rate fell slightly to 7.6%in June, and in July High level. In the past three months, energy prices have increased by more than 30%year -on -year.

The German "Rhein Post" quoted Nagel on the 20th that short -term subsidy measures such as energy reduction and bus monthly tickets launched by the government are about to fail, and German inflation rates are expected to surge again. He said: "From the perspective of overall, the inflation rate in the autumn may reach 10%."

Nagel predicts that Germany will continue to face rising prices in the next period of time, "inflation problems will not disappear by 2023."

On August 2, customers shopping in a supermarket in Frankfurt, Germany. Photo by Xinhua News Agency reporter Shan Weiyi

On the 4th of this month, the German government agreed to levy natural gas surcharge from October. This will make the people's heavy energy expenditure a worse.

Natural gas required by Germany relies heavily on Russia. After the Ukrainian crisis was upgraded, the West took a series of sanctions on Russia. Natural gas supply from Russia had decreased sharply. German natural gas dealers had to import natural gas from other channels at a high price, and the cost increased sharply.

The German side points to Russia with a spear of natural gas shortage. Russia has repeatedly emphasized that the European energy supply crisis is the result of the Western sanctions on Russia's sanctions.

On May 11, a man cheered in a gas station in Berlin, Germany. Xinhua News Agency (Photo by Stefan Caizi)

Faced with the soaring energy prices and the improvement of living costs, the Germans had to swallow bitter fruit. When German Chancellor Olav Tushuz went to New Luping in the eastern town on the 17th to attend a meeting, hundreds of people shouted slogans and protested that the federal government failed to effectively curb inflation.

Tsugs responded that he would put forward a new package plan in the next few days to help people respond to high inflation and energy prices. When a child asked whether the shortage of natural gas would affect the school's winter operation, Shuerz replied: "I believe we can let the school operate normally." (Zhang Jing)

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