Annual inflation in Germany hit a three-year low in October, with harmonised price rises easing more than consensus estimates and giving further support to the European Central Bank's (ECB) decision last week to cut interest rates.
The consumer price index (CPI) in Germany rose by 1.2% in October from the same month last year. This marks a slowdown from September's reading of an annual rise of 1.4%.
The harmonised CPI also rose by 1.2% on the year, dropping from the prior 1.6% and settling below the consensus forecast of a 1.3% rise.
Month-on-month, the CPI dropped 0.2% from September while the harmonised figure retreated 0.3%.
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The consumer price index (CPI) in Germany rose by 1.2% in October from the same month last year. This marks a slowdown from September's reading of an annual rise of 1.4%.
The harmonised CPI also rose by 1.2% on the year, dropping from the prior 1.6% and settling below the consensus forecast of a 1.3% rise.
Month-on-month, the CPI dropped 0.2% from September while the harmonised figure retreated 0.3%.
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