Consumer prices in Germany held steady in September, but core inflation rose.
Germany’s inflation rate for September 2024 is predicted to be +1.6%, based on the change in the Consumer Price Index (CPI) compared to the same month last year. Preliminary data from the Federal Statistical Office (Destatis) indicates that consumer prices are expected to stay the same as in August 2024. Core inflation, which excludes food and energy prices, is estimated to be +2.7%.
Source: Destatis Statitiches Bundesamt
Fed, BOJ Hikes Lift Dollar as Oil Falls (21 – 25 September)Global markets entered the week balancing tighter monetary policy against signs of easing Middle East energy risks. The Federal Reserve remains the main macro driver after raising rates to 3.75%–4.00%, its first hike since 2023, and signaling that another increase remains possible this year. The Dollar Index advanced to 100.4, while Treasury yields remained elevated. The Bank of Japan also tightened policy, raising rates to 1.25%, although dissent within the board suggested that future increases could come at a slower pace.
Detail Falling Oil Prices Support Metals (09.21.2026)Easing oil prices offered some relief to financial markets as renewed diplomatic efforts in the Middle East reduced immediate inflation concerns.
BOJ Takes Rates to a 31-Year HighThe Bank of Japan raised its key short-term interest rate by 25 basis points to 1.25% in September, pushing borrowing costs to their highest level since April 1995 and taking another step away from decades of ultra-loose monetary policy.
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