Increase in price development

(GermanPolicy.com) – Consumer prices continued to climb in October, the Federal Statistical Office announced. The inflation increased to a total of 4.5 percent, accordingly, after it was seen at 4.1 percent in September. This can be explained by the VAT reductions and the lower costs for mineral oil, as they presented themselves until some time ago. Since January, CO2 pricing and other temporary effects have also had an impact. Compared to September, consumer prices rose by just 0.5 percent in October.

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