10/28/2022, 2:01 PM (Source: TeleTrader)
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German inflation up to 10.4% in October

Consumer prices in Germany increased by 10.4% in October compared to the corresponding month the year prior, according to a preliminary report released by the Federal Statistical Office (Destatis) on Friday. The annual inflation rate stood at 10% in September.

In October 2022, energy and food prices were up 43% and 20.3%, respectively, from the same month in 2021 as overall goods prices jumped 17.8%. Prices of services were 4% higher year on year, while rents have gone up 1.8%.

On a monthly basis, consumer prices increased by 0.9% in October 2022.

Baha Breaking News (BBN) / MS