News & analysis
German September CPI Prelim Accelerates to 3.3% Annually, Topping Forecasts
Both the annual and monthly readings came in above expectations and faster than August's pace, with the monthly rate more than doubling.
Germany's preliminary consumer price index rose 3.3% year over year in September, exceeding a 3.1% forecast and accelerating from 2.9% in August, according to preliminary figures.
On a monthly basis, the preliminary index rose 0.6% in September, against a 0.5% forecast and a 0.2% reading a month earlier. The two measures moved in the same direction, with the annual rate roughly half a percentage point above August and the monthly pace roughly three times it.
