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Germany’s October consumer price index fell 0.2% month over month, matching both the prior reading and the consensus estimate. The in-line result signals stable sequential price pressure in Europe’s largest economy rather than a fresh disinflation or reflation impulse. Because the print met expectations, it is unlikely to shift the European Central Bank’s near-term policy stance on its own. Traders will watch the accompanying annual inflation figure and euro-area aggregates for confirmation of the underlying trend.

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