Germany's Federal Statistical Office (Destatis) reported on Thursday the country’s consumer price index (CPI) is expected to be flat m-o-m in September after being unchanged m-o-m in the previous month.

On the y-o-y basis, Germany’s CPI is seen to climb 4.1 in September, following a 3.9 percent jump in August. This represents the largest advance since December 1993.

Economists had predicted inflation would advance 0.1 percent m-o-m and 4.2 percent y-o-y in September.

According to the report, food prices surged 4.9 percent y-o-y in September, accelerating from a 4.6 percent y-o-y in August. Energy prices jumped 14.3 percent y-o-y, accelerating from 12.6 percent y-o-y in the previous month. Services costs rose 2.5 percent y-o-y, the same pace as in August.

Meanwhile, the harmonized index of consumer prices for Germany (HICP), which is calculated for European purposes, is expected to advance 0.3 percent m-o-m and 4.1 percent y-o-y.