Germany’s Absurd Energy Policy Of Shortage And Hardship: Energy Inflation Soars To 22.5% Year On Year!
By P Gosselin on 1. March 2022
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The inflation rate in Germany is expected to be +5.1% in February 2022…powered by spiraling energy prices.
“Inflation is like toothpaste. Once it’s out, you can hardly get it back in again.” – Karl Otto Pöhl, German economist, former President of the Bundesbank.
Late last year when it became clear to everyone else that inflation was taking off, German leaders and media insisted that it would only be a temporary phenomenon. But then last December inflation roared to 5.3%, the highest level in close to 30 years. In January, 2022, it eased slightly to 4.9%. But last month’s provisional figures show that it rose again to 5.1%. The inflation toothpaste is out to stay.
All this was well in the works – long before the Russian attack on Ukraine, which incompetent policymakers are desperate to use as a scapegoat. The bitter conflict is certain to make everything even worse. An economic nightmare threatens Germany and Europe.
Still blaming Covid
https://notrickszone.com/2022/03/01/germanys-absurd-energy-policy-of-hardship-energy-inflation-soars-to-22-5-year-on-year/
