Germany's consumer price inflation accelerated more-than-expected in September to its highest level in nearly seven years, initial estimates from the Federal Statistical Office showed Thursday.
The consumer price index rose 2.3 percent year-on-year following a 2 percent increase, each in July and August. Economists had expected the rate to remain unchanged.
The latest CPI inflation rate was the highest since November 2011, when it was 2.4 percent.
Energy inflation accelerated to 7.7 percent from 6.9 percent and food inflation climbed to 2.8 percent from 2.5 percent.
Compared to the previous month, the CPI rose 0.4 percent, which was faster than the 0.1 percent increase economists had forecast.
The harmonized index of consumer prices, or HICP, climbed 2.2 percent year-on-year in September after a 1.9 percent increase in the previous month. Economists had expected the rate to hold steady.
The HICP inflation rate, which is meant for EU comparison, was the highest in four months.
On a month-on-month basis, the HICP rose 0.4 percent in September, which was faster than the 0.1 percent economists had expected.
The statistical office is scheduled to release the final results for September CPI on October 12.
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