Consumer prices in Germany, harmonized with EU standards, increased by 2.4% in annual terms in October 2024 after rising by 1.8% a month earlier, according to preliminary data from the Federal Statistical Office (Destatis). Compared to the previous month, consumer prices increased by 0.4%.
In September, a drop of 0.1% was recorded in monthly terms. Analysts on average had forecast a 2.1% rise in annual terms and a 0.2% rise in monthly terms.
Consumer prices, calculated according to German standards, increased by 2% in annual terms in October. They rose by 0.4% compared to September. Experts had expected a 1.8% rise in annual terms and a 0.2% rise in monthly terms.
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