BERLIN (Archyde.com) Inflation in Germany reached its highest level in nearly half a century this May, as a result of higher energy and food prices since the start of the war in Ukraine. Inflation from other EU countries increased at an annual rate of 8.7 percent. He added that the last time inflation was similarly high in Germany was during the winter of 1973-1974 when mineral oil prices rose as a result of the first oil crisis. This figure, which exceeded the eight percent barrier expected by analysts in a Archyde.com poll, represents a record high for the second month in a row, following the rise in April of 7.8 percent was the largest in four decades. According to the Federal Statistics Office, energy prices rose 38.3 percent in May compared to the same month last year, while food prices also rose at an above-average rate of 11.1 percent.
