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
Fed Inflation Concerns RemainThe latest Federal Reserve minutes show that inflation remains a central concern for policymakers, even as recent economic data has reduced the urgency for another rate increase. Some officials believe price pressures are becoming more widespread, while a smaller group directly supported further tightening.
Detail
Dollar Falls on Debt Concerns as Yields Rise (24 – 28 August)Global markets entered the week with the US dollar under continued pressure as concerns over federal debt and Treasury market management moved to the center of investor attention. The Dollar Index hovered near 98.8 following sharp losses in the previous week, while the US Treasury’s expanded bond buyback programme pushed longer-term yields and the dollar lower. The move supported gold, silver, and major currencies, while investors assessed its longer-term implications for US borrowing costs and the yield curve.
Detail Persistent USD Weakness Lifts Yields (08.24.2026)Global markets remained shaped by persistent U.S. dollar weakness, shifting central bank expectations, and renewed Middle East risks.
Then Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
