Record fuel prices caused by the Iran war could drive German annual inflation above 3% in September, the highest level since late 2023, according to data due to be released on Wednesday. The Federal Statistical Office put annual inflation at 2.9% in August. Consumer prices in Germany last rose more sharply in December 2023, when the rate stood at 3.7%. Concerns about oil supplies resurfaced in September, amid ongoing conflict in Iran and the Houthi militia's advance in Yemen near the Bab al-Mandab Strait. The price of Brent crude temporarily rose well above $100 per barrel, while petrol and diesel prices reached record levels at German filling stations. The German government now plans to provide motorists with further relief.
Chung toi hien cong khai y chinh. Tao tai khoan mien phi de doc toan bo bai viet, luu, thao luan va ket noi voi boi canh thi truong va OSINT.