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Monday, October 18, 2021

Germany – inflation in September 2021. The price increase exceeded 4 percent and is the highest since 1993

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Inflation in Germany in September 2021 exceeded the level of 4 percent. This is the first time this has happened since 1993, i.e. for almost 28 years, the Federal Statistical Office (Destatis) reported.

The prices of goods and services increased in September 2021 in Germany by an average of 4.1%. – it follows from the estimates of the Federal Statistical Office.


Inflation in Germany at its highest since 1993

Energy once again turned out to be the biggest driver of price increases: in September this year cost by 14.3 percent. more than a year earlier. In turn, food prices increased by 4.9% over the last year, services by 2.5%, rents for apartments – by 1.4%. Prices in Germany have been rising continuously since the end of 2020.

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Also in other euro area countries, consumer prices in September showed an upward trend, e.g. in Spain they rose by 4%. compared to the same month last year. In France, measured according to a slightly differently composed European standard (HICP), they increased by 2.7%. – informs the economic portal “Handelsblatt”.

Inflation in Poland

According to the data of the Central Statistical Office, the prices of consumer goods and services in August 2021 increased year-on-year by 5.5 percent, and compared to the previous month, prices increased by 0.3 percent. Inflation was last higher in June 2001 at 6.2 percent.

Inflation in Poland is at the highest level since June 2001. With prices rising sharply, most consumers are beginning to cut their spending on many basic product categories.

Main photo source: Shutterstock

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