Today's update on the European Energy Crisis via @Schuldensuehner
Electricity prices are skyrocketing to their highest level in at least ten years in #Germany, where the energy crisis is also hitting hard #natgas #DAX #ONGT Updatet.co/Xc1pQki3LF pic.twitter.com/Q5F6W8F6mF
— Traders Community (@TradersCom) September 30, 2021
- It comes after German consumer prices rose by 4.1% in September — the highest level in almost 30 years.
- France has become the latest country to step up measures to mitigate the costs for consumers.
- Central bankers are of the opinion recent spikes in inflation are “transitory” and that price pressures will ease in 2022. But experts are questioning that.