Inflation & Prices
German Inflation Slows Below 2% as ECB Rate-Cut Bets Rise
- Consumer-price growth eased to 1.8% in September, as expected
- Markets are betting on a third rate reduction in October
Shoppers at a street market at the Alexanderplatz in Berlin, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German inflation eased below the European Central Bank’s 2% target for the first time since February 2021 — supporting the case for another cut in interest rates in less than three weeks.
Consumer-price growth in Europe’s largest economy slowed to 1.8% in September from 2% the previous month – in line with the median estimate in a Bloomberg survey. The retreat was down to energy and some goods costs, according to statistics agency Destatis.