(CercleFinance.com) – The rise in food prices accentuated German inflation in October, which accelerated to 10.4% in the first estimate, against +10% the previous month.
According to initial figures released on Friday by the Federal Statistical Office, consumer prices rose 0.9% over one month and 10.4%, thanks to an acceleration in oil prices. feed.
Their progress reached 20.3% last month, against +18.7% in September, while the rise in energy prices fell slightly, to +43% against +43.9% last month. .
According to the harmonized HICP standard, inflation in Germany stands at +1.1% over one month and +11.6% over one year, a figure well above the consensus of 10.9%.
This breakthrough in inflation in Germany, which is being confirmed month by month, risks undermining demand and therefore consumer support for activity in the euro zone’s leading economy, which seems increasingly close to recession before the onset of winter.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
