Germans feel pinch as high inflation bites

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Germans feel pinch as high inflation bites

STORY: Germans feel pinch as high inflation bites DATELINE: Aug. 2, 2022 LENGTH: 00:02:14 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of street views 2. SOUNDBITE 1 (English): OSCAR, Local resident 3. SOUNDBITE 2 (English): PAUL, Accounting manager STORYLINE: Inflation in Germany has been running wild and pushing the cost of living up at a pace so fast that people, especially the most vulnerable, have to scramble to make their ends meet. Inflation in Germany unexpectedly accelerated in July. The Harmonised Index of Consumer Prices, which is used to measure consumer price inflation in the euro area, went up by 8.5 percent over the same month last year, according to the Federal Statistical Office. Costs of energy and food both soared, with energy prices going up by 35.7 percent and food prices by 14.8 percent in July year on year. The price hikes have translated into inflated bills for households, and many people, especially the vulnerable group including pensioners and the un

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