Investing.com -- German inflation slowed more than expected in October, to 2.8% from 3.3%, as energy price growth eased and core inflation fell to 2.1%, preliminary data showed on Friday.
The harmonised index of consumer prices (HICP), which allows comparisons within the euro area, was also up 2.8% from a year earlier, below the 3.1% forecast and the 3.3% recorded in September, Investing.com data showed.
Energy prices rose 12.2% in October from a year earlier, after a 14.9% rise in September, the Federal Statistical Office, known as Destatis, said.
Core inflation, which leaves out food and energy, was 2.1% in October, down from 2.4% in each of July, August and September.
Consumer prices fell 0.2% month on month in October, compared with a forecast increase of 0.1% and a 0.6% rise in September. The harmonised index of consumer prices declined 0.1% on the month.
Services inflation eased to 2.5% from 2.7% in September, while goods inflation slowed to 3% from 3.8%. Food inflation remained unchanged at 0.4%.
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