Germany: Inflation rises in October to over two-year high
October 28, 2016
Consumer prices in October rose 0.2% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 28 October. The result came in above market analysts’ expectations of a 0.1% rise and September’s 0.1% increase.
Inflation inched up from 0.7% in September to 0.8% in October, reaching the highest level since September 2014.
Harmonized consumer prices in October edged up from a flat reading in September to 0.2%. HICP inflation rose from 0.5% in September to 0.7% in October, marking a two-year high. Meanwhile, average HICP inflation remained steady in October at the 0.2% print observed in September.