Germany’s Annual Inflation Dips Slightly
After experiencing two successive rises primarily driven by services prices, the inflation rate eased modestly in October, noted Ruth Brand, the head of Destatis.
Energy costs fell by 0.9% compared to the same period last year, whereas food prices climbed by 1.3%.
The inflation rate excluding energy and food stood at 2.8%.
During the same timeframe, services prices increased by 3.5%, while goods prices recorded a 1.2% rise.
On a month-to-month basis, the inflation rate registered a growth of 0.3%.
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