The surge in consumer prices in the past year exceeded 10%, Destatis has reported Inflation in Germany saw year-on-year growth of 10.9% in September, up from 8.8% recorded in the previous month, official data released on Thursday by the Federal Statistical Office (Destatis) shows. The readings came in higher than the market expectation of 9.4%, and marked a record high since the creation of the euro in 1999. Soaring food and energy prices reportedly had a considerable impact on the high inflation rate. “Energy prices were 43.9% higher in September 2022 than in September 2021,” the agency said in a press release.
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