Germany: Inflation inches down to almost five-year low
October 30, 2014
Consumer prices fell 0.3% over the previous month in October, according to preliminary data released by the Federal Statistics Office (Destatis) on 30 October. The reading, which represented the lowest inflation since January, came in below both September’s flat reading and market expectations of a milder 0.1% drop.
Annual headline inflation inched down from September’s 0.9% to 0.8% in October, the lowest inflation rate since February 2010. Annual average inflation was stable at September’s 1.1%, which had represented a 46-month low.
Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) inched down from September’s 0.8% to 0.7% in October. Annual average HICP inflation was unchanged at September’s 1.0%.