德国央行周三表示，随着不断上涨的能源成本拖累家庭，德国经济第三季度可能停滞不前，而9月通胀升至2023年底以来的最高水平。
Germany's economy likely stagnated in the third quarter as rising energy costs weighed on households, while September inflation reached its highest level since late 2023, the Bundesbank said Wednesday.
在其10月报告中，央行将复苏暂停部分归因于临时因素，包括莱茵河水位偏低以及与燃油税减免相关的影响。
In its October report, the central bank attributed the pause in recovery partly to temporary factors, including low Rhine water levels and effects linked to fuel-tax relief.
高昂的能源价格削弱了家庭购买力，而汽车行业的疲软拖累了8月工业生产。当月集中的工厂假期也有影响。
High energy prices dampened household purchasing power, while weakness in the automotive sector weighed on industrial production in August. Factory holidays concentrated in that month also contributed.
低水位扰乱了航运，并推高了石油炼制和化工等高能耗行业的运输成本，拖累了对外贸易。
Low water levels disrupted shipping and raised transport costs for energy-intensive industries, including oil refining and chemicals, weighing on foreign trade.
8月建筑产出有所增加，尽管不断上升的抵押贷款利率预计将限制活动。
Construction output increased in August, although rising mortgage rates were expected to constrain activity.
随着中东冲突推高能源价格，年度调和通胀率从8月的2.9%升至9月的3.3%。
Annual harmonized inflation climbed to 3.3% in September from 2.9% in August as the Middle East conflict drove energy prices higher.
央行预计通胀将维持高位，能源成本将越来越多地传导至工业品、食品和服务。
The bank expects inflation to remain elevated, with energy costs increasingly feeding into industrial goods, food and services.
燃油税减免到期以及一项医疗改革将在2027年初提高患者购药和住院费用，预计将进一步增加通胀压力。
The expiration of fuel-tax relief and a health reform raising patient payments for medicines and hospital services in early 2027 are expected to add further inflationary pressure.