Germany's consumer price inflation accelerated faster than expected in October to set a new record, as the biggest euro area economy heads into a recession, adding more pressure on the European Central Bank policymakers who have signaled more interest rate hikes ahead.
The consumer price index rose 10.4 percent following a 10.0 percent increase in September, preliminary data from the statistical office Destatis showed Friday. Economists had forecast a modest increase to 10.1 percent. Headline inflation accelerated for a third month in a row. The CPI climbed 0.9 percent monthly in October, which was much slower than September's 1.9 percent, but faster than the 0.6 percent economists had expected.
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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.