Unprecedented Surge: German Supermarket Prices Skyrocket as Food Inflation Hits Record 22.3% in March!

Unprecedented Surge: German Supermarket Prices Skyrocket as Food Inflation Hits Record 22.3% in March!#Recession pic.twitter.com/xRLVeSYACQ

— Lee Golden (@LeeGolden6) March 31, 2023

German retail sales have been -ve since the war

Since it's plagued by negative real wages, it's highly unlikely that the retail sales will enter positive territory anytime soon.

Inflation is a double edged sword, they say.

Good for inflating debt, but a tax on consumers. pic.twitter.com/1d4TW1R7Hz

— The Macro Guy (@SagarSinghSetia) March 31, 2023

German retail sales adjusted for inflation now in a sustained drawdown on par with the Great Financial Crisis and the Eurozone Debt Crisis.

“The economy is strong”, right. pic.twitter.com/Cq2e5bJC2i

— Alf (@MacroAlf) March 31, 2023