Germany’s Inflation Rate Soars to Highest Level in 70 Years

People visit the Brandenburg Gate illuminated in the colors of the Ukrainian flag amid Russia's attack on Ukraine, in Berlin, Germany, on May 9, 2022. Reuters/Lisi Niesner/File Photo

Germany’s annual inflation rate last month soared to its highest level in more than 70 years due to high energy and food prices.

Inflationary readings in October skyrocketed to a level not seen in Germany since December 1951, six years after the end of World War II, according to the latest data from Germany’s Federal Statistical Office (Destatis), on Nov. 11.