Frankfurt The sad record in the inflation rate weighs on the mood on the stock market. The Dax fell around noon on Wednesday by 0.9 percent to just around 12,840 points. In early trading, the leading index had regained the 13,000 point mark – but only for a short time.
The other European indices are also in the red. The leading euro zone index, the Euro Stoxx 50, lost 0.7 percent.
Consumer prices in the euro area rose by 9.1 percent in August compared to the same month last year. The inflation rate has never been this high since monetary union came into existence. Economists had previously expected a slightly lower increase from 8.9 to nine percent.
On Tuesday, the German inflation rate, which was 7.9 percent higher than expected, caused the Dax to turn negative.
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