Inflation rate at +10.4% in October 2022
The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +10.4% in October 2022. The inflation rate thus rose again, following a 10.0% increase in September 2022. “At 10.4%, the inflation rate has reached an all-time high since German reunification,” says Dr. Georg Thiel, President of the Federal Statistical Office. He states that “enormous price rises for energy products still are the main reason for the high inflation. But we observe more and more price increases also for many other goods and services. What has become particular notable for households is
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