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
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.