German and Dutch September CPI Readings Come In Line With Forecasts

Final German inflation data for September confirmed no surprises, with the consumer price index rising 0.6% month-on-month and 3.3% year-on-year, both matching forecasts and holding steady against prior readings. The EU harmonized measures were equally unchanged, with both the monthly and annual figures landing at 0.6% and 3.3% respectively. One source logged the previous annual German CPI reading as 2.9%, suggesting the September print may represent a pickup from August, though the majority of sources cited 3.3% as the prior figure, consistent with a flash estimate already in the market.

Dutch CPI for September showed a modest easing on a monthly basis, slipping to 0.1% from 0.3% in the prior period. The annual rate ticked up slightly to 3.4%, matching the forecast and edging above August's 3.3%, keeping Dutch inflation marginally above Germany's.