Deutschland Verbraucherpreise

Annual inflation rate in Germany accelerated to 2% in October 2024, the highest in three months, compared to 3-1/2 year low of 1.6% in September and above forecasts of 1.8%, preliminary estimates showed. Prices rose faster for services (4% vs 3.8% in September) and food (2.3% vs 1.6%) and rebounded for goods (0.4% vs -0.3%). In addition, energy costs declined less (-5.5% vs -7.6%) amid base effects. Compared to the previous month, the CPI went up 0.4% after showing no change in September. Meanwhile, the EU-harmonised inflation rate rose to 2.4% on the year from 1.8% and the monthly rate edged up to 0.4% from -0.1%.