Prices: Inflation rises for the first time since the end of 2023 to over three percent
Life in Germany has become more expensive in September to an extent not seen in almost three years. A fuel discount is intended to reduce fuel costs. Experts nevertheless expect high inflation.
Germany's inflation rate has exceeded 3% for the first time in almost three years, driven by high energy prices. In September, prices for goods and services were 3.3% higher than a year earlier, according to the Federal Statistical Office. The office's president, Ruth Brand, said the inflation rate reached a new yearly high, with significant price increases for mineral oil products and heating oil. Energy costs rose 14.9% year-on-year, with fuel prices up 37.1% and light heating oil up almost 75%.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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