Germany’s consumer price inflation eased to 2.3% in October 2025, matching preliminary estimates and down from 2.4% in September. Inflation for goods slowed slightly (1.2% vs 1.4% in September) as food prices moderated (1.3% vs 2.1%), despite notable increases in fruit (3.1%), sugar and confectionery (8.2%), and meat and meat products (4.3%). Energy prices continued to decline at a steeper rate (-0.9% vs -0.7%), led by lower prices for heating oil (-6.0%) and electricity (-1.4%). Meanwhile, services inflation rose to 3.5% from 3.4%, driven by sharp increases in passenger transport (11.4%) and social services (8.0%). Core inflation, which excludes food and energy, remained steady at 2.8%. On a monthly basis, consumer prices increased 0.3%, following a 0.2% rise in September. The EU-harmonised inflation rate also eased to 2.3% year-on-year (down from 2.4%) and rose 0.3% month-on-month (after 0.2% in September).

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