Inflation bites Germany, hard

As you see from the above chart, the situation in Eurozone is grim.

It is particularly grim in Germany.

So much so that the production costs for Toilet paper have gone through the roof.

Hakle, a century old German toilet paper maker which survived World War 1, The Great Depression & World War 2, has filed for insolvency last week as massive price increases for energy and pulp drove it over the edge.

It is quite sad and happening to many players there.

Infact in England, pet owners have reportedly even given up on their pets and left them outside the houses as inflation has started to bite even harder than covid financially.

(Context – A westerner abandoning his/her pet is like an Indian abandoning his/her children).