Published: July 2nd, 2021,
Last updated: August 31st, 2022
Surveys confirm: Few things frighten Germans more than rising living costs. Inflation in Germany is currently over two percent – which is still moderate, but higher than we have been used to recently. Some of this comes from China via detours and is caused by high raw material prices. China is the largest importer of raw materials. The country’s industry processes them into intermediate and end products. More and more small local companies are now suffering from rising prices, analyzes Christiane Kuehl. Some economists even see the upswing at risk. The government is now intervening and throwing some of the strategic raw material reserves onto the market.