Overall inflation in Germany stood at 2.8% year-on-year in October, which means a reduction of half a percentage point compared with the 3.3% rise in the cost of living recorded in September, according to data published by the Federal Statistical Office (Destatis).
In parallel, Germany's harmonized inflation rate, the indicator used by Eurostat for its cross-country comparisons, also fell by five tenths in the tenth month of the year, to likewise stand at 2.8% year-on-year.
October's figure marks the most subdued price increase in the eurozone's largest economy since July and makes clear the impact of the fuel tax cut, applied at the beginning of the month and which will remain in force in the country until the end of the year.
In this context, the rise in energy prices eased in October to 12.2% year-on-year, compared with the 14.9% observed in September, while food recorded an increase of 0.4%, in line with the rise of the previous month.
For its part, the price of goods advanced in October by 3% compared with the same month of the previous year, eight tenths less than the increase noted in September, while services raised their rates by 2.5%, below the 2.7% of the previous month.
As a result, core inflation, which excludes energy and food, stood at 2.1%, three tenths less than the reading corresponding to September.