Skyrocketing Inflation , in Germany Reaches , Highest Point Since 1951.<br />According to data published on January 3, <br />inflation in Germany has reached its <br />highest point in over seven decades.<br />Fox News reports that Germany's <br />Federal Statistical Office showed prices <br />for energy and food jumped 7.9% in 2022. .<br />In 1951, annual inflation <br />in Germany was at 7.6%.<br />In October of 2022, Germany saw <br />inflation skyrocket 10.4%, followed<br />by another 10% increase in November.<br />In December, the German government began sending out payments to help with household energy bills, and inflation eased slightly to 8.6%.<br />However, in December, <br />energy prices were 24.4% higher <br />compared to the same month in 2021.<br />Food prices over the same period <br />had climbed 20.7%, according to data <br />provided by the statistical office.<br />Meanwhile, 2022 saw Germany's <br />unemployment edge lower <br />to reach 2.42 million. .<br />In response to rising inflation, <br />unions have demanded pay increases to offset <br />the skyrocketing costs of consumer goods.<br />Fox News reports that Russia's war in Ukraine <br />has not only impacted gas supply lines in Europe, <br />but also dramatically affected food prices. .<br />Fox News reports that Russia's war in Ukraine <br />has not only impacted gas supply lines in Europe, <br />but also dramatically affected food prices.
