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Sun, January 29, 2023 | 12:42
German inflation hits record 10% in September
Posted : 2022-09-29 21:52
Updated : 2022-09-29 21:52
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This file photo taken on March 24, 2022 shows a truck driving past containers at BEHALA's Westhafen container terminal in Berlin. AFP-Yonhap
This file photo taken on March 24, 2022 shows a truck driving past containers at BEHALA's Westhafen container terminal in Berlin. AFP-Yonhap

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. (dpa)


 
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