The inflation rate in Germany is expected to ease to 1.1 percent year-on-year in October 2019 from 1.2 percent in the previous month, in line with market expectations, a preliminary estimate showed. That would be the lowest inflation rate since February 2018.
Goods prices are set to increase 0.4 percent in October, easing from a 0.6 percent rise in the previous month, mainly due to a fall in energy prices (-2.1 percent vs -1.1 percent) and a slowdown in food inflation (1.1 percent vs 1.3 percent).
In addition, services inflation is likely to slow to 1.7 percent from 1.8 percent, with rents prices advancing 1.4 percent, the same as in September.
On a monthly basis, consumer prices are set to edge up 0.1 percent, after being unchanged in September.
The harmonised index of consumer prices is expected to rise 0.9 percent from the previous year (vs 0.9 percent in September); and advance 0.1 percent month-over-month (vs -0.1 percent in September).
10/30/2019 1:09:24 PM