In October 2024, Germany’s annual inflation rate climbed to 2%, marking its highest level in three months and exceeding the previous month’s rate of 1.6%, which was the lowest since February 2021.
In October 2024, Germany’s annual inflation rate climbed to 2%, marking its highest level in three months and exceeding the previous month’s rate of 1.6%, which was the lowest since February 2021. This rate surpassed market expectations of 1.8%, according to preliminary data. On a month-to-month basis, Germany’s Consumer Price Index (CPI) rose by 0.4% following a flat reading in September.
The EU-harmonized inflation rate also showed notable increases, rising to 2.4% year-over-year from 1.8% in the previous month, while the monthly harmonized rate climbed by 0.4%, rebounding from a -0.1% decline in September. These figures underscore accelerating price pressures within Germany as inflation resumes an upward trend.
Source: Preliminary Estimates
Global markets remained under pressure on Thursday as the U.S. dollar extended its rally on growing expectations of additional Federal Reserve tightening.
Global markets remained under pressure as growing expectations of additional Federal Reserve rate hikes supported the U.S. dollar and weighed on major currencies and precious metals.
Global markets remained under pressure on Tuesday as expectations for tighter Federal Reserve policy outweighed optimism surrounding progress in U.S.–Iran negotiations.
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