German Inflation Sinks to Level Last Seen Before War in Ukraine
- Annual consumer-price gains slow to 4.3% from 6.4%; est. 4.5%
- ECB interest rates still expected to stay higher for longer
Passengers on the last day of discounted public transport, in Frankfurt in August 2022.
Photographer: Bern Kilb/BloombergThis article is for subscribers only.
German inflation plunged to its lowest level in two years after the effect of heavily discounted public transport last summer disappeared from the comparison.
Consumer prices advanced 4.3% from a year ago in September, compared with 6.4% in August, the statistics office said Thursday.