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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.