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Inflation rate expected to be +4.5%in October 2021

From destatis.de

The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), is expected to be +4.5% in October 2021. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to increase by 0.5% on September 2021. {table} There are a number of reasons for the high inflation rates since July 2021, which include base effects due to low prices in 2020. In this context, especially the temporary value added tax reduction and the sharp decline in mineral oil product prices had an upward effect on the overall inflation rate. ... (full story)

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