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GERMANY (OCT) CPI YOY ACTUAL: 2.8% VS 2.8% PREVIOUS;EST 2.8%
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Germany’s October consumer price index rose 2.8% year over year, matching both the prior reading and the 2.8% consensus estimate. The in-line print indicates no acceleration in German inflation for the month. The data matters as Germany is the euro area’s largest economy and a key input into eurozone inflation figures. Watch next for eurozone-wide CPI and European Central Bank commentary for signals on the rate path.
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