SAEDNEWS: Annual consumer inflation in Germany rose to 3.3% in September, marking its highest level since December 2023, as energy and motor fuel prices surged, official data showed on Tuesday.
According to Saednews, Germany’s inflation rate accelerated to 3.0% in September, up from 2.9% in August and 2.8% in July, according to data from Destatis, the Federal Statistical Office, Anadolu Agency reported.
Destatis President Ruth Brand said inflation had surpassed the 3% threshold, reaching its highest level of the year and the highest rate since December 2023.
Brand noted that rising energy prices were the main driver of inflation, particularly petroleum products sold at fuel stations and heating oil.
Overall consumer prices increased by 0.6% month-on-month in September.
Energy prices surged by 14.9% in September compared with the same month last year, marking the third consecutive month of acceleration and the largest annual increase since February 2023.
Motor fuel prices jumped by 37.1%, while heating oil prices soared by 74.9% year-on-year in September, reflecting increases in crude oil prices since the outbreak of the war involving Iran.
In contrast, electricity, natural gas and district heating prices declined by 5.5%, 2.8% and 1%, respectively, partly due to government relief measures.
Food prices recorded a below-average annual increase of 0.4% in September.
Core inflation, which excludes food and energy prices, stood at 2.4% in September, remaining below the overall inflation rate.
Goods prices rose by 3.8% year-on-year, while service prices increased by 2.7%.
