Georg Thiel

Inflation in Germany hits a 70-year High

Published by Novinite on Thu, 10/13/2022 - 10:58

German annual inflation accelerated in September to 10%, hitting the highest level in more than 70 years, according to final unrevised data from Germany's official statistics agency Destatis.

The consumer price index (CPI) rose 1.9 percent in September from August, when it rose 0.3 percent, marking the strongest monthly gain since March, when it jumped 2.5 percent.