German Inflation Accelerates Slightly More than Expected in September
Core inflation held at 2.4% as energy inflation jumped to 14.9%, raising expectations for a stronger euro zone reading.
- On Wednesday, preliminary data showed German inflation rose to 3.3% year-on-year in September, accelerating faster than prior months.
- Driven by energy price shocks from the Iran war, Germany's inflation acceleration mirrors inflationary pressures across other European economies.
- Energy inflation surged to 14.9% in September from 10.5% in August, while core inflation remained unchanged for the third consecutive month at 2.4%.
- Economists polled by Reuters expect European inflation to reach 3.6% in September, up from 3.2% the previous month.
- Against a prior 2.9% reading, analysts had forecast the EU-harmonised consumer price index at 3.2% in September.
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Energy again made a significant contribution to German inflation. In September it accelerated 14.9% at a rate higher than 10.5% in August. Already the underlying inflation, which excludes energy and food, stood at 2.4% in September, maintaining the same level in August.
According to a statement from the Federal Statistical Office Destatis, consumer prices in the main European economy rose 3.3% year-on-year in September, compared with 3.2% expected by analysts consulted by FactSet. Energy prices skyrocketed 14.9% compared to the same month of the previous year.
(Berlin=Yonhap News) Correspondent Kim Gye-yeon = German consumer prices this month rose 3.3% compared to September of last year and 0.6% compared to last month, according to the German Federal Statistical Office...
Reformatorisch Dagblad
Inflation in Germany rose to 3.3 percent year-on-year in September, driven by high fuel prices. This was reported by the German Federal Statistical Office Destatis based on preliminary figures. In August, inflation in Europe's largest economy stood at 2.9 percent.
Tagesschau
cedarnews.netInflation in Germany rose to over three percent for the first time in almost three years in September. This is mainly due to massive increases in energy prices.
German inflation accelerates slightly more than expected in September ...
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