'(Bloomberg) -- German inflation hit another all-time high, adding urgency to the European Central Bank’s exit from crisis-era stimulus after numbers from Spain also topped economists’ estimates.
Driven by soaring energy and food costs, data released Monday showed consumer prices in the continent’s biggest economy jumped 8.7% from a year ago in May. Analysts surveyed by Bloomberg predicted an 8.1% advance.
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Highlighting the persistent dangers, Spain earlier Monday reported an unexpected acceleration in inflation to a record 8.5%, amid government assistance including a fuel subsidy and an increase in the minimum wage. A Belgian measure also quickened.
Negotiated wages in Germany fell by 1.8% in real terms in the first quarter, and even though workers in the iron and steel industry are pushing for gains of more than 8%, they’re unlikely to secure gains that fully offsetting the rising cost of living.'
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German Inflation Hits Fresh Record, Piling Pressure on ECB, May 30, 2022
'TOKYO, May 16 (Reuters) - Japan's wholesale prices in April jumped 10% from the same month a year earlier, data showed on Monday .. The surge in the corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, marked the fastest year-on-year rise in a single month since comparable data became available in 1981.
The gain followed a revised 9.7% increase in March, and was higher than a median market forecast for a 9.4% increase.'
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Japan wholesale prices hit record 10% as energy costs soar, May 16, 2022
Context(Banking Reform) - 'Disaster is a strong but appropriate word that applies perfectly to the state of U.S. monetary policy..' - Dr. Hunt(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'