German Inflation Hits Three Year High
German annual inflation accelerated to 3.3 percent in September driven by energy price shocks. Meanwhile seasonally adjusted unemployment rose back above the three million mark.
Insights:
Harmonised inflation in Germany accelerated to 3.3% year-on-year in September, driven by energy shocks linked to the conflict involving Iran. The rate marks the highest level in almost three years, surpassing analyst forecasts.
