German CPI in line with expectations

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Source: Forexpros
© Scanpix/AFP
The German Federal Statistics Bureau reported on Monday that German consumer price index grew in compliance with expectations in October. The cost of living in Germany increased by 2% during the year prior to October 2012. The reading was unchanged from a September's figure. Month over month, the index was also flat and in compliance with expectations at the level of 0.1%.

"Without this positive influence, prices would have increased by 0.3% from the previous month," the statistics office said in a press release, commenting the offset of a seasonal increase in prices for food by a fall in fuel prices.
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