Germany’s inflation continues to rise and reaches a new record

Inflation accelerated in Germany in September, and according to preliminary estimates, the index rose to a level of 10% on an annual basis from 7.9% recorded in the previous month.

The index has brought the maximum levels recorded earlier, according to a statement issued by Germany’s Federal Statistical Office (Destatis).

Analysts polled by the DailyFX portal had expected the index to rise to only 9.4%.

The rise in the prices of energy products is still the main reason for the rise in inflation, and the Census Bureau reported that consumer prices rose by 1.9%, compared to expectations indicating only 1.3%.