FOREX TradingCharts.com

Financial News: Germany Consumer Price Inflation Highest Since 1993

Germany Consumer Price Inflation Highest Since 1993

09/30/2021 - 09:39:00 (RTTNews)

(RTTNews) - Germany's consumer price inflation accelerated to the highest level in nearly 30 years in September driven by one-off factors as well as supply shortages, official data showed on Thursday.

Consumer price inflation rose to 4.1 percent in September from 3.9 percent in August, Destatis reported.

This was the highest since December 1993, when inflation was 4.3 percent. Inflation was forecast to rise to 4.2 percent.

EU harmonized inflation advanced to 4.1 percent from 3.4 percent in the previous month. The expected rate was 4 percent.

The acceleration in inflation will put more pressure on the European Central Bank's December debate on how to proceed with its asset purchases next year, Carsten Brzeski, an ING economist said.

Looking ahead, the economist said some one-off factors should disappear at the start of next year but the recent surge in energy prices, as well as continued supply chain frictions and post-lockdown price mark-ups, are likely to keep German inflation above 2 percent throughout most of 2022.

On a monthly basis, consumer prices remained flat for the second straight month in September. Economists had forecast an increase of 0.1 percent.

At the same time, the harmonized consumer prices gained 0.3 percent, slightly faster than the expected 0.2 percent. The final results for September will be released on October 13.

Data showed that goods prices rose at a faster pace of 6.1 percent in September, following prior month's 5.6 percent increase. Services cost grew at a steady pace of 2.5 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Taiwan Jobless Rate Declines In September (05 min(s), 09 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate decreased in September, data from the Directorate Gener ...Full Story»

Eurozone Private Sector Growth Slows Sharply On Supply Bottlenecks (13 min(s), 09 sec(s) ago)
(RTTNews) - Eurozone private sector growth eased sharply to a six-month low in October amid rising ...Full Story»

Germany's Private Sector Expansion Loses Momentum (55 min(s), 09 sec(s) ago)
(RTTNews) - Germany's private sector growth weakened to an eight-month low in October, flash s ...Full Story»

Lithuania Industrial Production Increases In September (01 hr(s), 35 min(s), 09 sec(s) ago)
(RTTNews) - Lithuania's industrial production increased in September, figures from Statistics ...Full Story»

Norway Industrial Confidence Weakens In Q3 (02 hr(s), 59 min(s), 09 sec(s) ago)
(RTTNews) - Norway's industrial confidence weakened in the third quarter, data from Statistics ...Full Story»

France Private Sector Growth At 6-Month Low (03 hr(s), 15 min(s), 09 sec(s) ago)
(RTTNews) - France's private sector grew at the slowest pace in six months in October, flash s ...Full Story»

UK Retail Sales Fall Unexpectedly In September (04 hr(s), 28 min(s), 09 sec(s) ago)
(RTTNews) - UK retail sales declined unexpectedly in September, data published by the Office for N ...Full Story»

UK GfK Consumer Confidence Weakens For Third Straight Month (04 hr(s), 53 min(s), 09 sec(s) ago)
(RTTNews) - UK consumer confidence weakened for the third straight month in October, survey result ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Taiwan Jobless Rate Declines In September

10/22/2021 - 06:46 AM (RTTNews)
(RTTNews) - Taiwan's unemployment rate decreased in September, data from the Directorate Gener ...Full Story>>

Eurozone Private Sector Growth Slows Sharply On Supply Bottlenecks

10/22/2021 - 06:38 AM (RTTNews)
(RTTNews) - Eurozone private sector growth eased sharply to a six-month low in October amid rising ...Full Story>>

Germany's Private Sector Expansion Loses Momentum

10/22/2021 - 05:56 AM (RTTNews)
(RTTNews) - Germany's private sector growth weakened to an eight-month low in October, flash s ...Full Story>>

Lithuania Industrial Production Increases In September

10/22/2021 - 05:16 AM (RTTNews)
(RTTNews) - Lithuania's industrial production increased in September, figures from Statistics ...Full Story>>

Norway Industrial Confidence Weakens In Q3

10/22/2021 - 03:52 AM (RTTNews)
(RTTNews) - Norway's industrial confidence weakened in the third quarter, data from Statistics ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.