News

German Inflation Hits Record 10% in September
German Inflation Hits Record 10% in September

German Inflation Hits Record 10% in September

Berlin, 29 Sep (ONA) —— The inflation rate in Germany hit a record 10% in September, according to an official first estimate.

In August the rate was 7.9%, but prices have continued to rise fast mainly due to an increase in energy costs as a consequence of the war in Ukraine.

Energy prices were 43.9% higher in September 2022 than in September 2021, according to the data from the Federal Statistical Office. There was also an above average rise in food prices by 18.7% compared to the same month of last year.

The end of two state subsidies - a fuel discount and a 9-euro cheap travel pass - "presumably had an impact on the inflation rate in September," the office said.

—— Ends/AH

Related News ..