Germany’s consumer prices decreased in October, as initially estimated, final data from Destatis showed on Thursday.

The consumer prices fell 0.2 percent year-on-year in October, same as seen in September, as initially estimated.

Prices fell for the third time this year.

On a month-on-month basis, consumer prices rose 0.1 percent in October, as estimated.

Prices for energy declined 6.8 percent yearly in October. Excluding energy prices, inflation was 0.6 percent.

Communication cost declined 3.0 percent annually in October and transportation cost fell 2.6 percent. Prices for clothing and footwear, and furnishing, households equipment decreased by 1.8 percent and 0.8 percent, respectively.

Prices for health and housing fell 0.3 percent and 0.1 percent, respectively. Recreation and culture remained unchanged.

Meanwhile, prices for alcoholic beverages and tobacco, restaurants and hotels, food and non-alcoholic beverages, miscellaneous goods and services, and education increased in October.

Prices for goods declined 1.5 percent annually in October, while services cost rose 1.0 percent.

The harmonized index of consumer prices fell 0.5 percent annually in October, following a 0.4 percent decline in the previous month, as estimated.

On a monthly basis, the HICP remained unchanged in October, in line with the initial estimate.

The material has been provided by InstaForex Company – www.instaforex.com

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