Expensive fuel and heating oil: Inflation rises for the first time since the end of 2023 to over three percent
Life in Germany became more expensive in September to the greatest extent in almost three years. The new fuel discount is intended to reduce fuel costs. Nevertheless, experts expect inflation to remain high.
Germany's inflation rate has exceeded 3% for the first time in almost three years, reaching 3.3% in September, driven by high energy prices. The Statistical Federal Office reported that energy and household costs increased by 14.9% compared to the previous year, with fuel prices rising by 37.1% and heating oil by almost 75%. Food prices rose by 0.4%, while services increased by 2.7%. The inflation rate is expected to remain high, with predictions that it will be above 2% for the sixth consecutive year in 2026.
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.
