German consumer prices fall flat in October

According to Destatis, Germany’s statistical office, the consumer price index rose 0.3% year-on-year last month compared with a flat reading in the previous month and with analysts’ expectations for a 0.2% gain.

Energy prices tumbled 8.6% year-on-year, registering a second consecutive month of decline, while food prices increased 1.6% from the corresponding period in 2014.

Month-on-month, the CPI was also flat from the previous month, compared with analysts’ expectations for a 0.1% decline.

Meanwhile, the harmonised index of consumer prices climbed 0.2% month-on-month in October, compared with a 0.2% decline in September and analysts’ expectations for an unchanged reading.