10/29, 2:00 PM (Source: TeleTrader)
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German consumer prices fall 0.2% in October

Consumer prices in Germany declined 0.2% in October compared to the same month last year, according to a Federal Statistical Office (Destatis) provisional report published on Thursday. The figure remained unchanged from September's annual inflation rate of -0.2% but still came in above estimates.

On a monthly basis, the consumer price index (CPI) added 0.1% from September. The harmonized index of consumer prices for Germany in October fell 0.5% on an annual basis and remained unchanged month on month.

The final inflation data for March is due to be released on November 12.

Breaking the News / NP