German economy

German expert panel proposes 2-stage gas price subsidy

German expert panel proposes 2-stage gas price subsidy

Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price break from next March or April, a draft of a key paper seen by Reuters …

Germany to lower sales tax on gas to 7%

Germany to lower sales tax on gas to 7%

Germany will lower the sales tax on gas to 7% in an effort to cushion the blow of additional charges being placed on consumers to ensure energy companies can afford increasingly expensive supplies, said Chancellor Olaf Scholz on Thursday. …

Germany's annual inflation at 7.3% in March

Germany's annual inflation at 7.3% in March

Germany's annual inflation rate was at 7.3% in March, the highest since 1981, the Federal Statistical Office's (Destatis) data showed on Tuesday. On a monthly basis, consumer prices went up by 2.5% in March, Destatis added. …