German CPI confirmed at 2% in October as food, services prices rise
By Frank Prenesti
Date: Tuesday 12 Nov 2024
(Sharecast News) - German inflation rose in October, driven by a rise in food prices and ongoing above-average increases for services, official data confirmed on Tuesday.
The consumer price index stood at 2.0%, in line with an earlier flash estimate, compared with 1.6% in September 2024 1.9% in August.
"By contrast, the development of energy prices again had a dampening effect on the inflation rate in October 2024, but the effect was less pronounced than in the previous months," the federal statistics office said.
Reporting by Frank Prenesti for Sharecast.com
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN