GERMAN INFLATION FALLS BELOW EXPECTATIONS IN OCTOBER Germany's preliminary October CPI rose 2.8% year over year, below the 3.0% forecast. I…
GERMAN INFLATION FALLS BELOW EXPECTATIONS IN OCTOBER
Germany's preliminary October CPI rose 2.8% year over year, below the 3.0% forecast.
Inflation declined 0.2% month over month, compared with expectations for a 0.1% increase.
Harmonized CPI (HICP) rose 2.8% annually, also below the 3.1% forecast.
The key takeaway: Softer-than-expected German inflation could ease pressure on the ECB to raise interest rates further.