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)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.