Economic Buzz: Germany Consumer Price Inflation Hits 10% In September

13 Oct 2022 , 02:20 PM

Germanys consumer price inflation hit a new record in September, as initially estimated, on rising energy and food prices, final data from Destatis showed on Thursday. Consumer price inflation accelerated to 10.0 percent in September from 7.9 percent in August. Energy prices increased sharply by 43.9 percent from the last year as a result of the war in Ukraine and supply bottlenecks. In turn, food prices advanced 18.7 percent. Excluding energy and food, inflation was 4.6 percent. Month-on-month, consumer prices gained 1.9 percent as estimated, Destatis reported. The harmonized index of consumer prices moved up 2.2 percent after rising 0.4 percent in August. Powered by Commodity Insights