Official data showed today, Thursday, that inflation in Germany rose to 10%, the highest rate since the reunification of the country.
Data from the Federal Statistical Office revealed that Consumer Price Index The annual rate was 10% in September, compared to August’s rate of 7.9%. The number was in line with both initial estimates by experts and analysts.
Monthly consumer price index in Germany in September increased by 1.9%, matching experts’ expectations, after the index increased by only 0.3% last month, which represents a huge rise in inflation.
“At 10% inflation is at an all-time high since German reunification,” said George Tell, President of Destatis. “The massive price increases for energy products are still the main reason for high inflation, but we are also seeing price increases for many other commodities. especially foodstuffs.”
Prices of energy products are now up 43.9% year-on-year, compared to 35.6% in August, while food prices jumped 18.7% last month.