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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by Jyotsna V
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