FOREX TradingCharts.com

Financial News: German Inflation Hits Record High As Estimated

German Inflation Hits Record High As Estimated

11/11/2022 - 04:10:00 (RTTNews)

(RTTNews) - Germany's consumer price inflation accelerated to an all-time high in October, as initially estimated, on rising energy and food prices, final data from Destatis showed on Friday.

Consumer price inflation accelerated to 10.4 percent in October from 10.0 percent in September. The rate came in line with the flash estimate.

Energy prices alone surged 43.0 percent from last year as a result of the war in Ukraine and supply bottlenecks. In turn, food prices advanced 20.3 percent. Excluding energy and food, inflation was 6.5 percent.

Prices of goods were 17.8 percent more expensive compared to last year, and those of services rose 4.0 percent.

EU harmonized inflation accelerated to 11.6 percent, in line with flash data, from 10.9 percent in the previous month.

Based on the Bundesbank's projections, the HICP inflation is expected to rise to 7.1 percent on average in 2022.

Month-on-month, consumer prices gained 0.9 percent as estimated, Destatis reported. The harmonized index of consumer prices moved up 1.1 percent after rising 2.2 percent in September. The final figure matched the preliminary estimate published earlier.

The European Central Bank's main mandate is to maintain price stability in the eurozone by reducing inflation to below 2 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Philippines Industrial Production Rises; Jobless Rate Falls To 4.5% (01 hr(s), 07 min(s), 07 sec(s) ago)
(RTTNews) - The Philippines' industrial production index increased in October and the unemploy ...Full Story»

Italy Retail Sales Fall 0.4% In October (01 hr(s), 10 min(s), 07 sec(s) ago)
(RTTNews) - Italy's retail sales decreased in October after rebounding in the previous month, ...Full Story»

Will Germany Avoid A Recession On Industrial Resilience? (01 hr(s), 22 min(s), 07 sec(s) ago)
(RTTNews) - Germany industrial production dropped only slightly in October despite the sharp weakn ...Full Story»

Norway Industrial Production Falls For Second Month (01 hr(s), 51 min(s), 07 sec(s) ago)
(RTTNews) - Norway's industrial production fell for the second consecutive month in October as ...Full Story»

Swiss Jobless Rate Rises As Expected In November (02 hr(s), 30 min(s), 07 sec(s) ago)
(RTTNews) - Switzerland's unemployment rate increased slightly in November, in line with expec ...Full Story»

Thailand Inflation Slows On Food Price Fall (02 hr(s), 59 min(s), 07 sec(s) ago)
(RTTNews) - Consumer price inflation in Thailand eased for the third month in a row in November am ...Full Story»

UK House Prices Fall Most In Over 14 Years Amid Cost Of Living Crisis, Recession Worries (03 hr(s), 15 min(s), 07 sec(s) ago)
(RTTNews) - UK housing market continued to slow in November as house prices decreased for a third ...Full Story»

China Exports & Imports Hurt By Zero Covid Policy, Weaker Demand (04 hr(s), 24 min(s), 07 sec(s) ago)
(RTTNews) - China's exports and imports fell more than expected in November as strict Covid re ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Philippines Industrial Production Rises; Jobless Rate Falls To 4.5%

12/07/2022 - 04:49 AM (RTTNews)
(RTTNews) - The Philippines' industrial production index increased in October and the unemploy ...Full Story>>

Italy Retail Sales Fall 0.4% In October

12/07/2022 - 04:46 AM (RTTNews)
(RTTNews) - Italy's retail sales decreased in October after rebounding in the previous month, ...Full Story>>

Will Germany Avoid A Recession On Industrial Resilience?

12/07/2022 - 04:34 AM (RTTNews)
(RTTNews) - Germany industrial production dropped only slightly in October despite the sharp weakn ...Full Story>>

Norway Industrial Production Falls For Second Month

12/07/2022 - 04:05 AM (RTTNews)
(RTTNews) - Norway's industrial production fell for the second consecutive month in October as ...Full Story>>

Swiss Jobless Rate Rises As Expected In November

12/07/2022 - 03:26 AM (RTTNews)
(RTTNews) - Switzerland's unemployment rate increased slightly in November, in line with expec ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.