Germany’s inflation slows to 2.8% in October

German inflation slowed to 2.8% in October, confirming the preliminary reading, CNA reported on 11 November.

Trading Economics attributed part of the slowdown in the national consumer price index to weaker energy price growth, which eased to 12.2% from 14.9% following a fuel tax reduction introduced at the beginning of October.

Separately, Germany’s central bank, the Bundesbank, said its measure of annual inflation fell from 3.3% in September. That measure tracks the average change from a year earlier in prices of goods and services households buy. Slower inflation means prices are rising more slowly, not necessarily falling.

The Bundesbank said energy price pressures eased, while inflation also moderated for industrial goods excluding energy and for services. Food inflation was unchanged.

Germany’s Federal Statistical Office calculates the bank’s measure, known as the Harmonized Index of Consumer Prices. The Bundesbank’s next update, covering final October figures for that index, is scheduled for 18 November 2026.