Germany: Annual HICP Rises to 4.6% in October

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%.