German Inflation Slows to 2.8% in October
German inflation eased more than expected to 2.8 percent in October following a government fuel tax cut. Gross domestic product also grew slightly more than anticipated in the third quarter.
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Germany's inflation cooled to 2.8% year-on-year in October, falling below forecasts as Gross Domestic Product grew 0.2% in the third quarter. The slowdown follows the introduction of a government fuel tax cut designed to cushion households from the economic fallout of the conflict involving Iran. The data signals unexpected resilience in Europe's largest economy, though growth remains heavily reliant on public spending.
