Consumer price inflation in Germany eased faster than expected in October to reach its lowest level in over two years, thanks to falling energy prices, preliminary data from the statistical office Destatis showed Monday, and the easing price pressures validate the latest "pause" in the interest rate hikes by the European Central Bank.
The consumer price index, or CPI, rose 3.8 percent year-on-year, following a 4.5 percent increase in the previous month. Economists had forecast 4.0 percent inflation.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.