German Inflation Slows Below 2% for First Time in 10 Months

German inflation slowed below the European Central Bank’s 2% target for the first time in 10 months, supporting policymakers’ view that they’ve brought the spike of recent years under control.

Consumer prices rose 1.8% from a year ago in July, down from 2% in June, Destatis said on Thursday. That’s just below the median forecast in a Bloomberg poll of economists, which predicted a slowdown to 1.9%.