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Germany : CPI  
Released On 11/13/2018 2:00:00 AM For Octf, 2018
PriorConsensusActual
Month over Month0.2 %0.2 %0.2 %
Year over Year2.5 %2.5 %2.5 %

Highlights
Consumer prices were unrevised in the final data for October. Hence, a 0.2 percent monthly rise put the annual inflation rate at 2.5 percent, up from its final 2.3 percent print in September and its highest reading since September 2008.

The final HICP similarly matched its provisional outturn and so still shows a 0.1 percent monthly advance and a 2.4 percent yearly rate, a couple of ticks higher than at quarter-end.

The monthly increase in the CPI was largely due to seasonal issues, notably a 1.2 percent bounce in the cost of clothing and footwear. However, the same factors also saw package holidays drop 3.6 percent. Elsewhere, energy was 1.0 percent more expensive while food and non-alcoholic drink slipped 0.2 percent. As a result, excluding food and energy, prices were just a tick firmer than in September - although even this was enough to raise the annual core inflation rate from 1.5 percent to 1.7 percent.

The final October figures would seem to confirm some increase in inflationary pressures. That said, the yearly underlying rate is only a couple of ticks above where it stood at the start of the year so more generally the picture remains one of only very gradually accelerating prices.

Definition
The consumer price index (CPI) is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly and annual changes in the CPI provide widely used measures of inflation. A provisional estimate, with limited detail, is released about two weeks before the final data are reported.  Why Investors Care
 
 

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