FX.co ★ German Inflation Ticks Higher in September, Snapping Disinflation Trend

Germany’s consumer price growth accelerated in September 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.3%, up from 2.9% in August. The data, updated on 30 September 2026, marks a reversal from the recent disinflationary pattern that had seen price pressures gradually ease.

Both the current and previous readings are measured on a year-over-year basis, comparing each month with the same month a year earlier. While August’s 2.9% annual increase had suggested moderating inflation, the September uptick to 3.3% indicates that price pressures remain persistent in the German economy.

The latest figure will likely refocus attention on the inflation outlook in Europe’s largest economy, as markets and policymakers assess whether the September move signals a temporary bump or the start of renewed upward pressure on consumer prices.