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Eyes of Europe fixed on Germany in the hope €200bn support package eases inflation across the bloc

John Downing


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Inflation in Germany rose by 10.9pc in September, its highest in 71 years, forcing Chancellor Olaf Scholz (pictured) to announce €200bn worth of measures to help people struggling with living costs. Photo: AP Photo/Michael Sohn

Inflation in Germany rose by 10.9pc in September, its highest in 71 years, forcing Chancellor Olaf Scholz (pictured) to announce €200bn worth of measures to help people struggling with living costs. Photo: AP Photo/Michael Sohn

Inflation in Germany rose by 10.9pc in September, its highest in 71 years, forcing Chancellor Olaf Scholz (pictured) to announce €200bn worth of measures to help people struggling with living costs. Photo: AP Photo/Michael Sohn

There is no way to sugarcoat this one. Inflation is on the rise and increasing prices are bolstering calls for the European Central Bank (ECB) to raise interest rates more swiftly and steeply when its governing council meets at the end of the month.

Yesterday morning opened with the bad news that inflation in Germany, the EU’s biggest economy, had risen by 10.9pc in September, having increased by 8.8pc in August. That is the highest rate of inflation in Germany since the euro was launched on international money markets on January 1, 1999.


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