Germany's annual inflation climbs to highest level in three years this September. Record fuel price increases pushed inflation to its highest level in years.
Tensions in the Middle East drove oil prices higher across the country.
The Federal Statistics Office Destatis released final consumer price data for September. Energy product prices jumped fourteen point nine percent compared with last year.
Electricity, natural gas, and district heating prices fell thanks to government measures. Economists expect the European Central Bank may keep raising interest rates soon.