Germany: Harmonized inflation comes in at highest level since our records began
Harmonized inflation increased to 10.9% in September, above August’s 8.8%. September’s reading marked the highest inflation rate since our current records began. The increase was primarily due to rising prices for food and non-alcoholic beverages. In addition, price pressures for transportation grew at a stronger pace.
The trend pointed up, with annual average harmonized inflation coming in at 7.3% in September (August: 6.8%). Meanwhile, consumer price inflation rose to 10.0% in September, from the previous month’s 7.9%.
Finally, harmonized consumer prices rose 2.18% in September over the previous month, accelerating from the 0.42% rise recorded in August. September’s result marked the sharpest increase in prices since March.