Inflation Eases Across Key German States in October: Bavaria Falls to 2.8%, National Figure Due Later Friday
Inflation fell in several key German states in October, preliminary data showed on Friday, suggesting Germany's national inflation rate could also decrease this month, Reuters reported on October 30.
In Bavaria, the inflation rate fell to 2.8% in October from 3.2% in September. In North Rhine-Westphalia it dipped to 2.7% from 3.3%, while in Lower Saxony it fell to 2.9% from 3.3%. Baden-Wuerttemberg saw a 0.3 percentage point fall to 2.6%, while in Saxony the inflation rate remained at 2.8%.
Economists polled by Reuters forecast a harmonised national inflation rate for Germany, the euro zone's largest economy, of 3.1% in October, down from 3.3% the previous month. The national figures will be released later on Friday.
The war in Iran has pushed up energy prices in recent months, and the German government currently expects inflation to reach 2.7% this year and 3.0% in 2027. Inflation in the euro zone is expected to come in at 3.9% in October, slightly above September's 3.8%, according to economists polled by Reuters, with the release due on Wednesday. The European Central Bank left interest rates unchanged on Thursday but clearly hinted at another hike in December, warning that high and rising energy costs were fuelling inflation risks.
Source: GSM · USA (original Chinese edition)
Photo: 图：德国巴伐利亚州首府 Munich 的食品市场 Viktualienmarkt 商铺街。Dietmar Rabich 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / The Viktualienmarkt food market in Munich, capital of Bavaria, Germany. Photo by Dietmar Rabich, CC BY-SA 4.0, via Wikimedia Commons.
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