- The German government on Sunday agreed to a €65 billion ($64.7 billion) plan to ease the pressure on households amid spiraling inflation and energy costs as Russia cuts off its gas supplies to Europe.
- Inflation in Germany rose to almost 8% in August after dipping slightly in June and July due to short-term government programs to reduce the consumer burden in the transport sector.
- The chancellor also gave reassurances on Germany’s energy supply ahead of the winter, after Russia announced a halt to gas supplies to Europe through the Nord Stream 1 pipeline on Saturday.
Germany’s government agrees on €65 billion relief package amid soaring energy prices 04.09.2022
