German inflation fell to its lowest level in more than two years in October
According to the final data of the German Federal Statistical Office, Destatis, German inflation in October developed as expected, falling to 3.8 percent, the same as the preliminary one, from the previous month’s 4.5 percent to the lowest level in more than two years.
The annual consumer price index thus reached its lowest level in October since August 2021 – when it was also 3.8 percent.
The annual increase in food prices in October was the smallest since February 2022, at 6.1 percent after 7.5 percent in September.
In October, energy prices were 3.2 percent lower than a year earlier, while in September they still exceeded September of the previous year by 1.0 percent. Energy prices thus decreased in October for the first time on an annual basis since January 2021, when they went down by 2.0 percent compared to January 2020. However, the annual decrease in energy prices can be traced back to the base effect due to the price increase during the war.
Related news
Cashierless smart shops in Germany: slow start followed by rapid growth
Germany has started late to adopt cashierless grocery formats, yet…
Read more >Kneipp Launches Pilot for Reusable Cosmetic Packaging in Munich
Starting in July 2025, natural health and personal care brand…
Read more >Lidl Announces Largest Price Reduction in Its History as Competitors Follow Suit
Lidl has unveiled the biggest price reduction in its corporate…
Read more >Related news
Saving money, searching online, hunting for deals – this is how Europe will shop in 2025
58% of European shoppers still don’t expect their purchasing power…
Read more >Hamburger picture 2025 – this is how Hungarians eat hamburgers
Hungary’s undisputed favourite is the beef burger – preferably loaded…
Read more >A campaign to encourage the consumption of Trappist cheese has been launched
The Ministry of Agriculture (MA) and the Agricultural Marketing Center…
Read more >