DW Business - News September 13, 2022
And increasingly grim outlook. Take a look. New data confirming an annual inflation rate of almost 8 percent for august. A higher price is cut into purchasing power, making it difficult for consumers to afford the same things this year that they could a year prior. Now, behind that, inflation is soaring, energy cost led, in particular by natural gas. The european benchmark is now 3 quarters more expensive than it was this time last year. Russias war on ukraine and europes response is largely responsible for that trends. Another worrying figure is the growing number of insolvency in germany or ...