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A few days after Germany reported the highest inflation in decades, the country prepares for a new rise in living prices.
portal zerohedge.comspecializing in finance and business, warns of another step back from dire hyperinflation.
He quotes the German retail association, HDE, asserting that consumers need to get ready for a new wave of price increases, which will be felt especially in the local supermarket chain, amid fears that product prices there could increased from 20 to 50%. “Even before the outbreak of war in Ukraine, there was a 5% rise in prices across the product range due to rising energy prices. Now the second wave is coming, and it will definitely be in double digits“, Declared the president of HDE, Josef Sanktjohanser.
According to him, the first retail chains in the country have already started raising prices, and others may follow. Many buyers are already facing another problem in the country: empty shelves in the markets. Since the Russian invasion of Ukraine, panic-stricken consumers across the country have flocked to buy far more items than they need in their daily lives. I do not understand people, said store owner Beate Schwarz of the Tagesschau program; they are buying flour and oil for cooking like crazy, while he adds that at a certain point, I was tasked to put up a sign that read: There is no more oil!
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