German Retailers To Increase Food Prices By 20-50% On Monday

• German Retailers To Increase Food Prices By 20-50% On Monday
  by Tyler Durden, https://www.zerohedge.com/
  Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the  Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere…
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  … on Monday, Germany will take one step toward a return of the dreaded Weimar hyperinflation, when according to the German Retail Association (HDE), consumers should prepare for another wave of price hikes for everyday goods and groceries with Reuters reporting that prices at German retail chains will explode between 20 and 50%:
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Translated: Aldi, for example, expects increases of 20 to 50 percent in its purchase prices in the coming weeks. Already on Monday, meat, sausage and butter are to become "significantly more expensive" at Aldi Nord. pic.twitter.com/f03pzO3ggr

— Gregory Linton (@wuastr) April 3, 2022

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