Fearing [[hyperinflation]] in Ukraine, Germany announced it would end its program that offered a fixed exchange rate of the Ukrainian hryvnia to euros on October 30, 2022.<ref>https://edition.cnn.com/europe/live-news/russia-ukraine-war-news-10-17-22#h_47b236b8307bbfa77f140327d1cbc64e</ref> By December German food inflation was 21% year-over-year.<ref>https://www.investmentwatchblog.com/german-food-inflation-at-21-yoy-consumer-confidence-at-a-very-low-point/</ref>