Germany October Inflation Confirmed at 2.8%

2026-11-11 07:16 By Judith Sib-at 1 min. read

Germany’s annual inflation rate eased to 2.8% in October 2026, down from a near three-year high of 3.3% in September, confirming initial estimates.

The slowdown was due in part to slower energy price growth (12.2% vs 14.9%), following the introduction of a fuel tax reduction at the beginning of October, which remains in place until year-end.

Price growth eased for motor fuels (28.9% vs 37.1%), although heating oil prices accelerated (84.5% vs 74.9%).

Meanwhile, food inflation was steady at 0.4%, as higher prices for eggs (15.4%), fresh vegetables including potatoes (11.5%), and fish, fish products and seafood (4.5%) were partly offset by lower prices for edible fats and oils (-9.1%), dairy products (-4.7%) and fresh fruit (-2.8%).

Core inflation, which excludes energy and unprocessed food, eased to 2.1% from 2.4%.

The EU-harmonized inflation rate also fell to 2.8% from 3.3%, but remained above the ECB’s 2% target.

Monthly, the CPI decreased by 0.2%, reversing a 0.6% rise in September.



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Germany October Inflation Confirmed at 2.8%
Germany’s annual inflation rate eased to 2.8% in October 2026, down from a near three-year high of 3.3% in September, confirming initial estimates. The slowdown was due in part to slower energy price growth (12.2% vs 14.9%), following the introduction of a fuel tax reduction at the beginning of October, which remains in place until year-end. Price growth eased for motor fuels (28.9% vs 37.1%), although heating oil prices accelerated (84.5% vs 74.9%). Meanwhile, food inflation was steady at 0.4%, as higher prices for eggs (15.4%), fresh vegetables including potatoes (11.5%), and fish, fish products and seafood (4.5%) were partly offset by lower prices for edible fats and oils (-9.1%), dairy products (-4.7%) and fresh fruit (-2.8%). Core inflation, which excludes energy and unprocessed food, eased to 2.1% from 2.4%. The EU-harmonized inflation rate also fell to 2.8% from 3.3%, but remained above the ECB’s 2% target. Monthly, the CPI decreased by 0.2%, reversing a 0.6% rise in September.
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