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Financial News: Germany's Inflation Steady At 1.8%

Germany's Inflation Steady At 1.8%

10/13/2017 - 02:19:00 (RTTNews)

(RTTNews) - Germany's inflation held steady, as initially estimated, in September, final data from Destatis showed Friday.

Consumer prices advanced 1.8 percent year-on-year in September, the same rate as seen in August. The rate also matched the estimate published on September 28.

The inflation rate was the highest since April, when it was 2 percent.

On a monthly basis, the CPI edged up 0.1 percent for the second straight month. Monthly inflation also matched flash estimate.

The harmonized index of consumer prices, or HICP, also rose 1.8 percent year-on-year in September, same as in the previous month.

Month-on-month, the HICP remained unchanged in September. This confirmed the HICP estimates of September 28.

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