Full shelves with groceries are pictured in a supermarket during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020.
REUTERS/Fabrizio BenschSummary EU-harmonized inflation at 10.9%Energy costs up 43.9% year-on-yearAnalyst: ECB must act quickly, vigorouslyBERLIN, Sept 29 (Reuters) - German inflation was at its highest in more than a quarter of a century in September, driven by high energy prices, data showed, as analysts warned that the energy crisis has yet to make itself fully felt.
Consumer prices, harmonised to make them comparable with inflation data from other European Union countries (HICP), increased by 10.9% on the year, the federal statistics office said.
That was the highest reading since comparable data going back to 1996.
Dwindling gas supplies from Russia have pushed energy prices, and correspondingly inflation, to highs not seen in decades, with the massive loss in consumer purchasing power adding to the likelihood that a recession is on the way.