Just in: Inflation in Germany has fallen to its lowest level since Russia’s full-scale invasion of Ukraine last year.
The inflation rate in Germany is expected to be 4.5% in September, statistics body Destatis has reported, down from 6.1% in August.
The last time Germany’s inflation rate was lower than this was in February 2022 – the month the war began – when it stood at 4.3%.
Food prices were 7.5% higher than a year ago, but energy prices were only 1% higher.
Core inflation (which strips out food and energy) is expected to have fallen to +4.6%, from 5.5% in August.