Inflation & Prices
German Inflation Ticks Up Sharply, Highlights ECB Challenge
- Consumer-price growth accelerated to 2.4%, est. 2.1%.
- ECB policymakers differ on future interest-rate path
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German inflation quickened more sharply than expected and exceeded the European Central Bank’s 2% target – underpinning the challenges for policymakers in deciding on the pace and extent of further monetary-policy easing.
Consumer-price growth in Europe’s largest economy picked up to 2.4% in October from 1.8% the previous month – well above the 2.1% median estimate in a Bloomberg survey. Base effects linked to energy helped drive the uptick, with services, goods and food also contributing, according to statistics agency Destatis.