In Germany, the annual inflation rate was recorded at 1.6% in September. Inflation in the country dropped to its lowest level since January 2021. The Federal Statistical Office of Germany (Destatis) announced the final data on price increases for September. The annual inflation rate, which was 1.9% in August, decreased to 1.6% in September. Thus, while the annual inflation in the country reached its lowest level since January 2021, the preliminary data announced on September 20 was confirmed. The Harmonized Index of Consumer Prices (HICP), which is compatible with the EU, rose by 0.1% compared to the previous month and by 1.8% annually in September. In Germany, where energy and food have been the most important price determinants for months, food prices increased by 1.6% annually in September, while energy prices decreased by 7.6%. The annual inflation rate, excluding energy prices, was calculated as 2.5% in September. Ruth Brand, the President of Destatis, stated, “In particular, the decline in energy prices again lowered the inflation rate in September 2024 compared to previous months. On the other hand, the continued above-average increase in service prices creates an inflationary effect.” The German government, in its growth report released on September 9, lowered its inflation estimates by 0.2 points, predicting that inflation, which was 5.9% last year, would decrease to 2.2% this year and to 2% in 2025. It was estimated that inflation would be at the level of 1.6% in 2026.