Germany has fallen into the grip of hyperinflation and officials are warning citizens that they need to prepare for spikes in food prices.
The European powerhouse has reached the highest inflation in a generation, with the country hitting 7.6 percent – just before Russia moved into Ukraine. Germany’s grocery providers have announced another tidal wave of rising prices.
The German Retail Association (HDE) warns that food prices may increase anywhere from 20 to 50 percent, affecting grocery store chains like Aldi, Edeka and Globus.
Energy prices had already pushed up food costs “across the product range” by 5 percent before the Russian invasion began.
According to HDE President Josef Sanktjohanser, after the invasion, the supply chain took an even bigger hit, telling The Local, “The second wave of price increases is coming, and it will certainly be in double figures,”
“We will soon be able to see the impact of the war reflected in price labels across all the supermarkets.”
Meat and butter will be “significantly more expensive” according to Aldi, due the price rises from suppliers.
“Since the start of the Ukraine war, there have been jumps in purchase prices that we have not experienced before,” a spokesman for Aldi Nord announced.
Living costs in Germany have risen across the board and are at its highest level since reunification. Everyday goods increased from 5.1 percent to 7.3 percent, Russia of course, taking the blame.
Industry insiders have said that they don’t expect any food shortages, any time soon – as rising costs will put a big wet blanket on demand.
President of Germany’s farming association, Joachim Rukwied had previously stated that the country was good for at least a year in regards to food supply.
Zero Hedge reported:
“With rumors of shortages swirling around … supermarket owners have been complaining of the sort of panic-buying not seen since the first months of pandemic,”
“As previously noted, German supermarkets have even started limiting the purchase of cooking oils and flour in particular to prevent a mad rush to stock up on items that customers believe will run out. In other words, limit the sale of those products which are in highest demand, also known as a ‘brilliant strategy.’”
It’s obvious at this point that the sanctions imposed on Russia are doing far more harm to those imposing them, than they are for Putin.
Since the sanctions began, Russia has been forced to move toward a more independent way of functioning, and pulled an Ace out of its sleeve when they announced that Russian gas and oil must be paid for with rubles or gold.
The sanctions have instead plunged the western world into chaos and as supplies start to dwindle from store shelves, the riots will begin.
People will become more and more desperate and the fast pace of western nation’s decline is, at the very least, alarming.
A few years ago, I was in Vietnam. We were being driven around by a man who had a new Mercedes passenger van – it could hold 17 people. It was air conditioned and had tv’s and wifi. A very nice vehicle. I asked the guy how much a van like that cost him. He said about $30,000. I was shocked at the price – knowing it would cost probably at least $80,000 back home. I asked how he got it so cheap. He said that it was assembled in Vietnam. All the components were shipped from Germany and assembled with Vietnamese labor. When you factor in the cost of shipping all the components to Vietnam and the cost of the labor to assemble the vehicles into that $30,000 – you realize how much the cost of German labor – which is highly unionized – is. Much of manufacturing is mechanized and computer controlled – so is a person who sits there watching the machines work really worth $40-$50/hr?
Must be a demorat in office there too. Demorat= higher cost for all.
Russia’s not to blame for EU idiocy and continued decisions to be vassal states of these maniacs in the State Dept and Pentagon. That’s on them. People can lie and pretend all they want that this war started in February, but it really started when the US decided that its international agreements not to expand NATO Eastward were suitable for framing and little else, and when the US decided that Nazis were cool so long as they were helping us to go back on expansion agreements by overthrowing their own government in 2014 and preparing Ukraine to become a forward operating base for NATO. Never mind the ethnic cleansing operation they’ve been running on Russian-Ukrainians ever since. I hope the whole West goes broke.
Throw Biden in jail for human trafficking by moving illegals inland by “our” military then start pumping oil and work with NATO for our oil ,then Russia and China can play with there oil all they want
Democrats have blown up this country in less the a year and a half. (**LITERALLY***). PRESIDENT 45 PLEASE come back. We need you and when you complete your term, we NEED, Vice President Pence for 4 years then Ron Desantis for another 8 years and the grab us another one. Like Ace Hutchinson sending immigrants
To DC, HAMPTONS AND DELWARE. Just for that he needs to for President. LOVE THE PLATFORM THUS FAR.
SORRY SO LONG BUT HAD A LOT TO SAY THIS TIME. FLOWERS FOR MELANIA THE MOST BEAUTIFUL LOOKING FIRST LADY.
PLEASE RUN IN 2024 WATCH THOSE DEMACRATED, THEIR ALREADY PRINTING BALLOTS TO FILL OUT AND HAVE PEOPE READY TO TURN THEM IN WHEN VOTING BOXES OPEN I KNOW IT. SNEAKY BUNCH THEY ARE.
WHEN I GET PAID I WILL DONATE TO YOU FOR YOU RUN. I’M not giving all these people calling me until you have a campaign going. Or I will need to donate to another conservative that will run. I hope it’s you Hillary and good old Joe****** If they don’t cheat we should win all house.
You and Melani are the best! Boy did Baron get tall fast or what? Such a handsome young man. Good luck in whatever you do, but we really need you to win as president ASAP, but will take anything you can give us.
Please see me my question and comments above. Thank you
Please see me my question and comments above. Thank you