Author Topic: Germany on the Brink of Food Crisis as Prices Increase by 20–50%  (Read 144 times)

0 Members and 1 Guest are viewing this topic.

Offline Ptarmigan

  • Bunny Slayer
  • Hero Member
  • *****
  • Posts: 22079
  • Reputation: +716/-225
  • God Hates Bunnies
Germany on the Brink of Food Crisis as Prices Increase by 20–50%

German is steeping toward the return of the dreaded Weimar hyperinflation as consumers brace themselves for massive price hikes for everyday goods and groceries at a whopping 20 to 50% rise.

Even before the war in Ukraine, prices soared by five percent “across the product range” due to increased energy prices, HDE President Josef Sanktjohanser warned on Friday.

Russia’s invasion is now pummeling economies and the supply chain as more price increases are on the horizon.

“The second wave of price increases is coming, and it will certainly be in double figures,” Sanktjohanser warned, cited by The Local.

Food prices have risen considerably in Germany.

Last week, the CEO of Germany’s multinational BASF SE warned that cutting off energy imports from Russia would result in pushing Germany into its most “catastrophic” economic crisis since World War 2.

“To put it bluntly: This could bring the German economy into its worst crisis since the end of the Second World War and destroy our prosperity.”

“For many small and medium-sized companies, in particular, it could mean the end.”
Never interrupt your enemy when he is making a mistake.
-Napoleon Bonaparte

Allow enemies their space to hate; they will destroy themselves in the process.
-Lisa Du

Offline freedumb2003b

  • Hero Member
  • *****
  • Posts: 5791
  • Reputation: +670/-72
Re: Germany on the Brink of Food Crisis as Prices Increase by 20–50%
« Reply #1 on: April 05, 2022, 09:36:25 PM »
Who is economically sanctioning whom? I don't run a country and saw this coming from 100 km away.
Measure with a micrometer, mark with chalk, cut with an ax

Hello to the Baizuo lurkers from DU, DI, JPR and Huffpo

DUmmies can no more understand the "Cave" than a rat can understand a thunderbolt, but they fear it just the same. Fear the "Cave", DUmmies. Fear it well. Big Dog 12-Jan-2015

Proud charter member of the Death Squad Hate Force!

Ted Kennedy is the only person with an actual confirmed kill in the war on women.