German October CPI cools more than expected

(Sharecast News) - German consumer price inflation eased to 2.8% year-on-year in October from 3.3% in September, undershooting economists' forecasts of 3.0%-3.1%, according to official flash data published on Wednesday.

Consumer prices fell 0.2% month-on-month. Core inflation slowed to 2.1% from 2.4%, adding to signs that underlying price pressures are continuing to moderate. The softer-than-expected headline reading was largely driven by easing energy inflation, the federal statistics office said.

Reporting by Frank Prenesti for Sharecast.com