Germany's homologous inflation drops to 2.8% in October

A annual inflation rate in Germany fell to 2.8% in October, compared to 3.3% in September, today confirmed the Federal Statistical Agency (Destatis).

In a statement released today, Destatis also confirms that, in a chain, inflation in Germany fell by 0.2% from September.

October inflation represents the lowest annual price increase in the main euro area economy since July and reflects the effect of the reduction in fuel tax, introduced at the beginning of the month and which will remain in force in Germany until the end of the year.

“ The inflation rate in October was again slightly below 3%,” said Ruth Brand, president of Destatis, adding that the persistent high inflation rate continued to be driven mainly by energy price developments, although it is “likely that the new fuel discount introduced in early October has moderated inflation to a certain extent.”.

In this sense, the annual increase in energy prices moderated in October to 12.2%, compared with 14.6% in September, while food increased by 0.4%, in line with the increase in the previous month.

In turn, the cost of goods rose by October 3% compared to the same month of 2025, eight tenths less than the increase in September, while services increased by 2.5%, compared to the 2.7% of the previous month.

The underlying inflation rate, which excludes food and energy, was 2.1% in October, compared with 2.4% in September.

And Germany's harmonised inflation rate in October was 2.8% compared to the same month of 2025 and -0.2% compared to September.