MarketWatch/Maria Martinez/5-30-2022
“Consumer prices rose 7.9% on year measured by national standards, against the 7.5% forecast by economists in a Wall Street Journal poll. They rose 8.7% on year by European Union harmonized standards, above economists’ forecast of 8.1%.”
USAGOLD note: Already a source of steady gold demand over the past several years, German investors are likely to take an even greater interest in the metal as inflation looks deep and persistent. Allianz Trade, the German insurance firm, says “the worst is yet to come for European households.”
Germany inflation rate
(%, year over year, through May 2022)
Chart courtesy of TradingEconomics.com
