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- German consumer price inflation drop 0.2% in September
German consumer price inflation drop 0.2% in September
Destatis released its consumer price data for Germany on Tuesday. German preliminary consumer price index fell 0.2% in September, missing expectations for a 0.1% decline, after a flat reading in August.
On a yearly basis, German preliminary consumer price index decreased to 0.0% in September from 0.2% in August, missing expectations for a fall to 0.1%.
The decline was driven by a drop in goods prices, which decreased 1.3% year-on-year in September. Goods prices were driven by a decline in energy prices.
Services prices rose 1.1% year-on-year in September.
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