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Germany's consumer price inflation weakened in October after rising for two straight months, final data from Destatis revealed on Wednesday.
The consumer price index logged an annual increase of 2.3 percent, which was slower than the 2.4 percent rise in September. The rate came in line with the estimate released on October 30.
"The continued above-average rise in service prices was a driving force behind inflation," Destatis President Ruth Brand said.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.