Market Flux Event
Germany October Inflation Confirmed at 2.8% as Final CPI Matches Forecasts
Read this in the Market Flux appGermany's final October inflation reading confirmed a continued easing in price pressures, with both the national CPI and the EU-harmonized HICP holding at 2.8% year-on-year, exactly in line with forecasts and unchanged from the preliminary estimate. On a monthly basis, the national CPI fell 0.2% while the HICP slipped 0.1%, both figures matching expectations precisely.
The year-on-year figure marks a notable step down from the 3.3% recorded in September, underscoring a broader disinflationary trend in Europe's largest economy. The data provides further support for the European Central Bank's easing path, with German inflation now closer to the 2% target than it has been in recent years.
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Sources
- FinancialjuiceGERMAN CPI FINAL MOM ACTUAL -0.2% (FORECAST -0.2%, PREVIOUS -0.2%) $MACRO
- LiveSquawkGerman CPI (Y/Y) Oct F: 2.8% (est 2.8%; prev 2.8%) - CPI (M/M): -0.2% (est -0.2%; prev -0.2%) - EU Harmonised CPI (Y/Y): 2.8% (est 2.8%; prev 2.8%) - EU Harmonised CPI (M/M): -0.1% (est -0.1%; prev -0.1%)
- FirstSquawkGERMANY (OCT) CPI MOM ACTUAL: -0.2% VS -0.2% PREVIOUS;EST -0.2%
- PiQMarkets🇩🇪 Germany German CPI (YoY) (Oct) $EUR Actual: 2.8% Forecast: 2.8% Previous: 3.3%
- Seeking AlphaGermany's inflation eases to 2.8% in October
- InvestingGerman October inflation eases to 2.8% as expected; core slows to 2.1%