Germany September Inflation Drops As Expected

Germany September Inflation Drops As Expected

Germany's EU harmonized inflation weakened in September as estimated earlier, final data released by the Federal Statistical Office showed Thursday.

The harmonized index of consumer prices (HICP) decelerated to 2.1 percent in September from 2.2 percent in August, in line with the preliminary estimates.

On a monthly basis, the HICP remained unchanged in September, as estimated earlier. In August, prices had increased 0.4 percent month-on-month.

At the same time, the consumer price index (CPI) increased 2 percent year-on-year in September, unchanged from the preliminary estimates. In August, consumer prices increased 2.1 percent annually. On a monthly basis, the CPI remained flat as seen in the flash estimates, data showed.