Inflation in Germany was 7.5 percent

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Inflation in Germany in July was determined at 7.5 percent due to the increase in energy prices.

Germany’s Federal Statistical Office (Destatis) announced the country’s inflation data for July.

According to the data, inflation in Germany, which was 7.6 percent in June, was 7.5 percent in July. Inflation in the country increased by 0.9 percent on a monthly basis.

Thus, inflation in the country remained at its highest level in recent years. The main reason for the rise in inflation in Germany was energy.

The annual price increase in energy products reached 35.5 percent. On an annual basis, heating oil prices rose by 102.6 percent, natural gas prices by 75.1 percent and electricity prices by 18.1 percent.

Food prices rose by 14.8 percent year-on-year in July.

In this period, oil prices increased by 44.2 percent, dairy and egg prices by 24.2 percent and meat prices by 18.3 percent.


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