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Inflation rate at +3.8% in October 2023
The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +3.8% in October 2023. In September 2023, the inflation rate was +4.5%. This means that the rate of inflation has continued to slow and reached the lowest level since August 2021 (also +3.8%)."Compared to the medium-term and long-term figures, the inflation rate remains high, however. In particular, consumers are still feeling the higher food and energy prices, which have risen during the extended period of war and crisis", says Ruth Brand, President of the Federal Statistical Office. She adds: ... (full story)