Economy

Germany’s preliminary CPI accelerates to a better-than-expected 10.4% yoy in October

Germany’s consumer price index (CPI) accelerated to an annual rate of 10.4% in October this year, showed a preliminary reading released this Friday (28) by Destatis, the country’s statistics agency. Until September, the indicator had advanced 10.0%.

The result exceeded analysts’ expectations for a 10.1% rise, according to a Refinitiv consensus.

In comparison with September, there was a rise of 0.9% in the German CPI, also above the forecast, which pointed to an increase of 0.6%.

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