Germany’s Inflation Hits 3.3% as Energy Prices Surge in September

Germany’s annual inflation rate rose to 3.3% in September from 2.9% in August, while energy inflation accelerated to 14.9%.

The September reading was the highest since December 2023. Energy inflation reached its highest level since February 2023 amid higher crude costs.

The confirmed figures add new detail to Germany’s September inflation reading, which previously covered the rise in annual inflation from August and a 0.6% monthly increase in consumer prices.

The September data places energy costs at the center of Germany’s latest inflation increase, with the annual rate now 0.4 percentage point above August’s level.