Good news from the German economy has unfortunately been quite rare recently. But here is a positive exception:
The inflation rate in Germany fell to 2.2% in March. After 6.9% in 2022 and 5.9% in 2023, this signals a significant easing on the inflation front.
Almost exactly 100 years ago, however, Germans had completely different problems with the issue of inflation.
In November 1923, a single US dollar in Germany cost 4.2 trillion marks – i.e. 4,200,000,000,000 marks. The inflation rate at that time was measured in billions of per cent.
Creditors lost their assets, debtors their debts. It was perhaps the biggest redistribution process in history.
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
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