Germany’s annual rate of inflation accelerated again in September, posting the highest reading since December 1951 as temporary government interventions to ease prices expired, according to final data released by German statistics office Destatis on Thursday. The consumer price index–a measure of what consumers pay for goods and services–rose 10.0% in September compared with the same month a year ago measured by national standards, up from 7.9% in August, confirming the preliminary reading. This is in line with the forecasts of economists polled by The Wall Street Journal.Consumer prices rose 10.9% on year by European Union harmonized standards, also in line with forecasts. The main reason for the high inflation is still price rises for energy products and food, Destatis President Georg Thiel said in the report.
Since Russia’s invasion of Ukraine, energy prices have increased markedly and have had a considerable impact on the high rate of inflation, Destatis said.
Energy prices rose 43.9% on year in September, up from 35.6% in August.
Food prices also increased above average, posting a 18.7% on-year increase, Destatis said.
The end of the nine-euro transport ticket and fuel discount have exacerbated upward pressures on prices in September, Mr. Thiel said. These temporary measures had a dampening effect on overall inflation from June to August, he said. Consumer prices rose 1.9% on month by national standards and 2.2% by EU-harmonized standards, both in line with forecasts and without revisions from the preliminary estimate. NN: ALL as in ALL the run away inflation in Europe is a self inflicted liberal lefty greeneeewennieee wound. They embargoed gas and oil and food from Russia. Still they cannot see. Europe is self sufficient on energy but they refuse to simply open the tap… It is the dumbest fucking shit i have ever seen.