A preliminary report from the German Federal Statistical Office showed that annual inflation slowed to 2.4% in October from 2.9% in September. The September inflation was down from 3.1% in August.
On a monthly basis, consumer prices were down 0.2%, quicker than a 0.1% fall in the previous month. Both annual and monthly figures matched economists' expectations. The preliminary report is based on results from six Lander.
According to the statistical office, inflation slowed mainly due to a decline in prices of petroleum products and the final data for October will be released on November 14.
The harmonized index of consumer prices, or HICP, rose at a slower pace of 2.5% year-on-year, compared with 3% increase in September. That was below the expected growth of 2.6%. Month-on-month, the HICP fell 0.3%, while the consensus forecast was for a 0.2% fall.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.