Inflation & Prices
German Inflation Hits Double Digits for First Time in Euro Era
- Prices surged 10.9% from a year ago in September; est. 10.2%
- Acceleration reflects expiration of temporary relief measures
This article is for subscribers only.
German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened.
Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said Thursday. That’s more than the 10.2% economists in a Bloomberg survey had estimated.