Rising inflation in Germany calls for 'clearly noticeable real wage increases', the chairman of services sector trade union Verdi said in comments released on Thursday.
Customers at the food discounter ALDI buy groceries, as the spread of coronavirus disease continues, in Duesseldorf, Germany, April 29, 2020. REUTERS/Wolfgang Rattay/File Photo
German inflation accelerated in September to 4.1%, its highest since December 1993, driven up by energy and food costs. Economists are looking for signs that higher inflation expectations will lead to higher wage increases which could kick off a wage-price spiral, driving inflation higher still and eroding households' purchasing power further.
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