German inflation hits post-reunification high ...News

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German inflation hits post-reunification high
source : Russia Today ( News ) () 60
Soaring energy costs are pushing up consumer prices, official statistics show Annual inflation in Germany has continued to rise by double digits, accelerating to 10.9% in September, finalized data from the Federal Statistical Office (Destatis) showed on Thursday. According to the agency’s press release, the figure rose from 8.8% in August (on an EU-harmonized basis). When using German standards, consumer prices rose by 10.0% from a year earlier, in line with market forecasts. The inflation rate has reached “an all-time high since German reunification,” Destatis President Georg Thiel said, citing “enormous price ri

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