Economic Buzz: German consumer price inflation up 2.8% on year in Oct-25

Consumer prices in Germany edged up 2.8% in October compared to the same month a year earlier, the Federal Statistical Office (Destatis) said on Wednesday. This was in tune with the provisional estimate. The persistently high rate of inflation continued to be primarily driven by the development of energy prices. Energy prices surged 12.2% year on year after rallying 14.9% in September. On a monthly basis, overall consumer prices dropped 0.2% in October.

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