BERLIN, Oct. 30 (Xinhua) -- Inflation in Germany slowed to 2.3 percent in October, down slightly from 2.4 percent in September, according to preliminary data released Thursday by the Federal Statistical Office (Destatis).
The moderation marks a pause in the upward trend seen since July, when inflation stood at 2 percent. "After several months of increasing headline inflation, the latest data point to a trend reversal," said Carsten Brzeski, global head of macro at ING Research.
Services remained the main driver of price growth, with prices in the sector rising 3.5 percent year-on-year in October, up from 3.4 percent in the previous month, Destatis reported. Since early 2025, service inflation has consistently outpaced the overall rate.
Energy prices fell 0.9 percent year-on-year in October, while food prices rose just 1.3 percent -- a marked deceleration after stronger increases earlier this year.
Germany's leading economic institutes forecast inflation to average around 2.1 percent in 2025. However, Brzeski cautioned that the federal government's fiscal stimulus measures could generate renewed upward pressure later on. ■
