On Friday, the Federal Statistical Office will announce a first estimate for the inflation rate in October. There is much to suggest that the number is back in the range of ten percent as in the previous month. And a similar amount indicates that there should not be significantly lower rates anytime soon. This is shown in particular by the new evaluation of the I-Index, an early indicator for inflation, developed by researchers at the TU Dortmund in cooperation with the Handelsblatt.
The index rose to a value of 16.7 percent over the course of September. This means that the subject of inflation played a role in every sixth published newspaper article.
The indicator increased by half a percentage point compared to the previous month. A year ago it was still five percent. “The I index shows that inflation is becoming the dominant issue,” says TU professor Henrik Müller, who heads the project.
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