Germany inflation eases to 2.3% in October, core steady at 2.8%
Germany's annual inflation rate eased slightly to 2.3% in October, provisional data from the Federal Statistical Office showed Thursday.
The consumer price index rose 2.3% year-on-year, down from 2.4% in September, while prices increased 0.3% month-on-month. The figure came above FXStreet-cited consensus of a 2.2% rise.
Core inflation, which excludes food and energy, remained steady at 2.8%, underscoring ongoing price pressures in services.
The harmonised index of consumer prices - the measure used for euro area comparisons - also rose 2.3% annually and 0.3% on the month, matching the national index.
Destatis said services inflation accelerated to 3.5% in October from 3.4% in September, while goods prices rose 1.2%, compared with 1.4% in the prior month.
Final figures for October will be published on November 12.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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