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Unrevised Sep Inflation Keeps Pressure ON ECB

GERMAN DATA
(MNI) LONDON

GERMANY FINAL SEP CPI +1.9% M/M, + 10.0% Y/Y
GERMANY FINAL SEP HICP +2.2% M/M, +10.9% Y/Y

  • German headline inflation was unrevised on a final reading, sitting at multi-decade highs, as the readjustments after the summer fuel and fare subsidies were removed.
  • The data underlines that the ECB still has a huge inflation issue to tackle in coming meetings, and aggressive rate hikes will still be to the fore, despite signs of a sharply slowing economy.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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