Consumer prices in the UK have risen at their highest rate since 1982. In Germany, on the other hand, the dynamics of the increase in producer prices are weakening somewhat. That could possibly be a first small good sign.
The Governing Council of the ECB has now decided to let the central bank's bond purchases expire. The first rate hike in the euro zone is to follow in July. Consumers are already feeling the first effects.
Despite the high oil price and the forthcoming EU oil embargo, the other oil countries only want to produce more oil moderately. This is driving the price of oil higher. At the meetings, the war is often only talked about in a convoluted manner.
At the filling station, diesel and petrol now both cost more than 2 euros per liter again. What other consequences could the oil embargo planned by the EU have for motorists?
So far, consumers have not benefited from the turnaround in interest rates. You have to pay more construction interest, the cost of installment loans are increasing – but there is as little for savings as before. But there is apparently movement with the annoying negative interest rates for the current account.