Germany's annual inflation rate, as measured by the Consumer Price Index (CPI), rose to 2.0% in October 2024, an increase from September’s rate of 1.6% and August's rate of 1.9%.
Germany's annual inflation rate, as measured by the Consumer Price Index (CPI), rose to 2.0% in October 2024, an increase from September’s rate of 1.6% and August's rate of 1.9%, according to the Federal Statistical Office (Destatis). The primary contributors to this rise were higher food prices and a continued above-average increase in service costs. Energy prices, while still exerting a moderating effect on inflation, had less impact in October compared to prior months. On a month-to-month basis, consumer prices rose by 0.4% from September to October.
Source: Destatis
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