German inflation reached two-year peak in October, as the energy price decreased less. The preliminary data indicate that the annual inflation in European largest economy accelerated more than expected to 0.8% in October from 0.7% in September. The analysts had expected the consumer prices this month to remain unchanged at the level of September.
The October inflation in Germany was the highest since end of 2014. In July and August, the consumer prices rose by 0.4%.
On Monday (October 31) will be published preliminary data on inflation in the Eurozone, which experts expect to show acceleration of the indicator.
The energy prices remain the main factor that puts pressure on consumer prices in Germany, although their rate of decline has slowed from 3.6% in September to 1.4% in October.
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