German Inflation Accelerates at Record Pace in September

German Inflation Accelerates at Record Pace in September
Shoppers wear mask and fill Cologne's main shopping street Hohe Strasse (High Street) in Cologne, Germany on Dec. 12, 2020. Wolfgang Rattay/Reuters
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BERLIN—German inflation accelerated at a record pace in September, data showed on Thursday, highlighting growing price pressures as Europe’s largest economy recovers from the pandemic and its companies grapple with supply shortages.

Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 4.1 percent year-on-year compared with 3.4 percent in August, the Federal Statistics Office said.