The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier.

“In September 2022, the inflation rate had been +10.0%. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to increase by 0.9% on September 2022,” Destatis said.

“Energy prices, in particular, have increased considerably since the war started in Ukraine and have had a substantial impact on the inflation rate. Energy prices were 43.0% higher in October 2022 than in October 2021,” Destatis noted.

It also added that there was also an above-average increase in food prices by 20.3% from the same month of the previous year. (ILKHA)