Germany’s Inflation Rate Moderates in October
Ruth Brand, head of Destatis, noted that after two successive rises driven by services prices, the inflation rate eased modestly in October.
Energy costs fell by 0.9% compared to the previous year, while food prices grew by 1.3%. Excluding energy and food, the inflation rate stood at 2.8%.
During the same period, prices for services increased by 3.5%, whereas goods experienced a smaller rise of 1.2%.
On a monthly comparison, the inflation rate registered a growth of 0.3%.
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