Germany’s consumer prices remained unchanged in September, defying expectations for a modest increase, while the EU measure of inflation tumbled more-than-expected, preliminary data from the statistical office Destatis showed Tuesday.
The consumer price index held steady annually in September, following a 0.2 percent increase in both July and August. Economists had expected a 0.1 percent gain.
Energy prices fell 9.3 percent after a 7.6 percent slump in the previous month. Food prices, meanwhile, rose 1.1 percent, following a 0.8 percent increase in August.
The CPI dropped 0.2 percent from August, which was a bigger fall than the 0.1 percent economists had predicted.
The harmonized index of consumer prices, or HICP, meant for EU purposes fell 0.2 percent year-on-year, which was also bigger than the 0.1 percent decline economists had expected.
The HICP decreased 0.3 percent from the previous month, when it was unchanged. Economists were looking for a 0.1 percent fall.
The statistical agency is set to publish the final inflation figures for September on October 13.
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