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German Inflation Rises Slightly Faster Than Expected in Sept

BERLIN, Sept 30 (Reuters) - German ​inflation accelerated slightly more than expected ‌in September due to the energy price shock of the Iran war, following ​the trend in other big ​euro zone economies.

Inflation in Germany rose ⁠to 3.3% year-on-year, preliminary data from ​the federal statistics office showed on ​Wednesday.

Analysts polled by Reuters had forecast the EU-harmonised consumer price index at 3.2% in September, compared with 2.9% ​the month before.

Energy inflation rose to ​14.9% in September from 10.5% in August.

Core inflation, ‌which ⁠excludes the volatile prices of energy and food, remained unchanged for the third consecutive month at 2.4%.

The ​German data ​comes ahead ⁠of the euro zone inflation release on Friday. Inflation ​in the bloc is expected ​to ⁠come in at 3.6% in September, up from 3.2% in the previous ⁠month, ​according to economists ​polled by Reuters.

Reporting by Miranda Murray and Maria Martinez Editing ​by Ludwig Burger and Matthias Williams

Source: Reuters


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