Germany’s Inflation Moderates in September 2023
Germany’s Inflation Rate Drops to 4.5%
In a much-anticipated shift, Germany’s inflation rate for September 2023 has eased to 4.5%, marking its lowest level since the outbreak of the Ukraine conflict. This marks a significant downturn from the previous month’s 6.1% and is a sigh of relief for consumers. The last time Germany experienced a lower inflation rate was in February 2022 when it stood at +4.3%. The inflation rate is measured as the change in the consumer price index (CPI) compared to the same month a year earlier.
Impact on European Markets
The expected slowdown in Germany’s headline CPI from 6.4% to 4.5% is likely to have a ripple effect on tomorrow’s EU flash CPI numbers. Investors are closely monitoring this development as it could provide valuable…
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