94 percent of the natural gas consumed in this country has to be imported.
(Photo: imago images/Future Image)
Berlin, Frankfort The gas price skyrocketed to more than 120 euros on Friday, the first day of the Ukraine war. At currently just under 100 euros per megawatt hour on the spot market, the price has fallen again somewhat – but is still at an enormous level. The situation is similar for oil and coal.
This does not bode well for businesses and consumers in the West. On Tuesday, the Federal Statistical Office will publish a first estimate of the inflation rate in February.
The effects of the war are unlikely to be included there. What is clear, however, is that the Ukraine war will continue to drive inflation, after high rates of five percent have already characterized the past few months.
Rising prices and a shaky economic situation due to the conflict is a feared economic scenario. How will prices develop over the next few months and what reactions are possible? The most important questions and answers.
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How does the Ukraine war affect inflation?
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