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Germany October preliminary CPI + 4.5% vs. + 4.4% yoy expected

Latest data published by Destatis – October 28, 2021

  • Before + 4.1%
  • HICP + 4.6% vs + 4.5% yoy expected
  • Before + 4.1%

This is in line with what was pointed out earlier in the state’s readings, as mentioned here, as German annual inflation continues to soar at the start of the fourth quarter.

Base effects have something to do with this in the context of the VAT cut in the second half of last year, but the trend in the region is undeniable, as growing pressures on costs and import prices / production also have repercussions on consumer inflation.


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