German inflation accelerates more than expected in October By Reuters

German inflation accelerates more than expected in October By Reuters
German inflation accelerates more than expected in October By Reuters

BERLIN (Reuters) – German consumer prices rose more-than-expected in October, data showed on Thursday, reflecting rising price pressures as Europe’s largest economy faces supply shortages and soaring energy prices.

The Federal Statistics Office said consumer prices, which were adjusted for inflation data from the rest of the European Union, increased 4.6 percent year-on-year, compared with 4.1 percent in September.

The reading is the highest since January 1997.

The data showed that energy and food prices rose at a faster pace.

(Prepared by Marwa Salam for the Arab Newsletter – Editing by Suha Jado)

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German inflation accelerates expected October Reuters

 
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