The Harmonized Index of German Consumer Prices has fallen by 0.5% in its annualized reading for October, meeting market expectations after falling 0.4% in September. The indicator has been falling for three consecutive months, with October being the month with the greatest decline since January 2015.
The main CPI has fallen 0.2% annually, as expected, and matching the previous month’s result. Monthly inflation has risen 0.1%, as expected, after falling 0.2% in September. This is the first positive month since June.
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Credits: Forex Street
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