Amid fuel tax cut, German inflation slows
German inflation slowed more than expected in October, the first month of a government fuel tax cut, adding to evidence that Europe's largest economy could prove more resilient than anticipated despite disruptions linked to the war in Iran. Gross domestic product increased slightly more than expected in the third quarter, though economists warned the expansion remained heavily reliant on…
German inflation slowed more than expected in October, the first month of a government fuel tax cut, indicating that Europe's largest economy could be more resilient than anticipated despite disruptions linked to the war in Iran. Inflation eased to 2.8 percent year-on-year, below forecasts for 3.1 percent, driven by easing energy price rises. Core inflation, which excludes volatile food and energy prices, fell to 2.1 percent from 2.4 percent the month before.
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