German Press: There is no reason to panic about rising inflation

The increase of inflation to 5.2% in Germany and the discussion about the compulsory vaccination but also the travel restrictions due to Omicron in the German press.

The 5.2% increase in inflation in Germany is one of the main topics of comment in the German-language press. THE Süddeutsche newspaper writes: “The news sounds shocking. This month consumer prices are 5.2% higher than last year. The last time such an increase was 30 years ago. The Germans understand that they can not afford as much as in the past. But the truth is that many things have made life a lot more expensive this year, so the decisive factor is whether prices will rise as much next year as well. ”

“Now it would be important for the European Central Bank to react to the change in the situation. Yes, all the German skeptics who ten years ago predicted that the ECB’s loose monetary policy would lead to immediate inflation were wrong. There are other reasons for the current price increases, but it would be right to reduce the policy of cheap money little by little, and the ECB Moderate wage increases and a more normal monetary policy, when combined can do a lot.Hopefully soon the Germans will be less worried about price increases.Then November 5 inflation rise % could be a ghost that will disappear “.

H Berliner Morning mail is also on the same wavelength and writes about rising inflation in Germany: “The rate looks dramatic. Inflation in Germany climbed to 5.2% in November and is as high as in 1992. But there is no reason to panic. Why Growth is mainly driven by two factors: the reduction in VAT, which benefited citizens last year, and rising energy prices, which, according to economists, would result in a 2% increase in prices. “This percentage has been a target of the ECB since its inception, so there is no reason for excessive fears.”

Mandatory vaccination and travel in the midst of a pandemic

The other big issue that prevails is of course the pandemic. THE Hannoversche General newspaper comments on the debate on compulsory vaccination between the parties that will form the future government and writes: “If even the FDP, which is extremely critical of coercive measures, approves the Parliament’s proposal for compulsory vaccination, then this is the long-awaited message to the population. “The situation is more dramatic than ever in this pandemic. And it seems that all the parties in the government have understood the seriousness of the situation.”

Finally, the MTurkish Or newspaper writes about travel restrictions on Omicron mutation: “The only meaning of travel restrictions is to save time. These precious days and weeks can be useful in science to research and understand the dangers of Omicron mutation and to adapt The appearance of the mutation should also remind the West that it should increase vaccination efforts not only in its own countries but also in the poorer countries with fewer vaccines.In South Africa, the vaccination rate is 24%.

Maria Rigoutsou

SOURCE: Deutsche Welle