Inflation in Germany highest since reunification ...News

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Inflation in Germany highest since reunification
October is the second straight month with a double-digit indicator, official figures show Germany’s annual inflation rate jumped to 10.4% in October, exceeding expectations and hitting a new historic high, the Federal Statistical Office (Destatis) said in a press release on Friday. “At 10.4%, the inflation rate has reached an all-time high since German reunification,” the head of the agency, Dr. Georg Thiel, said. According to Thiel, “enormous price rises for energy products” continued to be the main reason. Energy prices were 43% higher in October 2022 than at the same time last year, data shows, with a particula

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