Inflation rate of +3.8%expected in October 2023
The inflation rate in Germany is expected to be +3.8% in October 2023. This is the lowest level since August 2021 (also +3.8%). The inflation rate is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to remain unchanged from September 2023. The inflation rate excluding food and energy, often referred to as core inflation, is expected to be +4.3%. table The year-on-year drop in energy prices of 3.2% had a particularly dampening effect on … (full story)
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