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🚨 🇩🇪 German inflation undershoots at 2.8% in October as prices fall on the month
🚨 🇩🇪 German inflation undershoots at 2.8% in October as prices fall on the month
- 🇩🇪 German consumer prices fell 0.2% on the month in the October flash, against a 0.1% rise expected, after 0.6% in September (Destatis, newswires, )
- Annual inflation slowed to 2.8% from 3.3%, below the 3.0% forecast
FO view: A clear downside surprise from the euro area's largest economy cuts against the hike chatter from Panetta, Kocher and Makhlouf, and leaves the region split between hot Italian and cooling German prices.
Not investment advice.