Inflation in Germany, as measured by the Consumer Price Index (CPI), rose to 4.5% on a yearly basis in October from 4.1% in September. This reading came in higher than the market expectation of 4.4%. The annual Harmonized Index of Consumer Prices (HICP), the European Central Bank’s preferred gauge of inflation, climbed to 4.6% from 4.1% in the same period, compared to analysts’ estimate of 4.5%.
Check Also
Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance
Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and …