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German inflation jumps to 2.4% in highest rate so far this year
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Ghana Business News
German inflation jumps to 2.4% in highest rate so far this yearGerman inflation jumped to 2.4% in September, the highest rate so far this year, the Federal Statistical Office said on Tuesday.
Consumer prices rose by 0.2% month on month, the Wiesbaden-based agency said, driven by inflation in food and services.
While inflation is now at its highest since the 2.6% seen in December 2024, the rate remains far below the levels seen following the Russian invasion of Ukraine, reaching 6.9% in 2022 and 5.9% in 2023.
According to the ECB, food prices have risen by 37% in Germany since 2019, before the coronavirus pandemic.
Core inflation, a measure that does not include volatile prices of food and energy, was up slightly to 2.8%.