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Due to the Treaty of Versailles, Germany had to pay reparations to France, Belgium and Britain (£6.6 billion). The reparations were due to start in 1921. French and Belgium troops invaded the Ruhr in response to the German Government failure to pay the reparations they owed. Germans workers were then forces to go on strike in the Ruhr but continued to get paid. The German Government printed more money to pay the German workers and to pay the reparations they owed the other countries. Then the workers on strike got more money that they could buy things from the shop. As they spent more money in shops they shop keepers put their prices up. The German Government carried on printing money so the shopkeepers raised their prices again. Then prices were inflating do fast that it was known as hyperinflation. By November 1923 a loaf of bread cost around 20 million marks.
Wiki User
∙ 10y ago
Wiki User
∙ 15y agoThe inflation rate in Germany for September is 2,9 % of the gross domestic product.
This information is provided by the "Statistisches Bundesamt" of Germany.
source: http://newsticker.sueddeutsche.de/list/id/203855 (german)
Wiki User
∙ 14y agoAbout -1%. 1930 saw a slight fall in prices.
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