Inflation rate rises to a record 7.0 percent

Created: 04/28/2022, 10:37 am

A retail store employee takes a 5 euro note from a cash register.

© Marijan Murat/dpa/symbol image

Driven by ever-increasing energy costs, the inflation rate in Rhineland-Palatinate climbed to a record 7.0 percent in April compared to the same month last year.

In addition to corona-related effects such as delivery bottlenecks, the reasons for this are also the uncertainties resulting from the Russian attack on Ukraine, the statisticians said on Thursday.

Bad Ems - Never before since the start of the time series in 1995 has the State Statistical Office recorded a value as high as in the month that is ending.

In March, the inflation rate was 6.6 percent.

In April, too, spending on energy again caused the biggest surge in inflation.

Compared to the previous year, energy prices increased by 28.1 percent.

The prices for heating oil shot up by 80.7 percent and fuel prices by 37.5 percent.

Within a year, district heating and gas were 21.4 and 20.3 percent more expensive, respectively.

Electricity prices increased by 3.5 percent.

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Consumers also had to spend significantly more on food than a year ago.

The price increase in April in this area was 9.0 percent.

The increase in edible fats and oils was particularly high at 26.6 percent.

For meat and meat products as well as vegetables, the price increases were 13.3 and 10.9 percent, respectively.

dpa