30 Oct 2012

German inflation steady at 2% in October

5:43 am on 30 October 2012

Inflation in Germany remained steady at 2% in October.

The consumer price index in Europe's biggest economy rose by 2% on a 12-month basis this month, according to cost-of-living data from six of Germany's 16 states.

In September, the 12 month inflation rate also stood at 2%.

In a statement, Destatis, the national statistics office, said the cost of living in Germany was unchanged on a monthly basis.

AAP reports preliminary inflation data is calculated using consumer price data for six of Germany's 16 states.

Final data, based on statistics for all 16 states, are scheduled to be published on 9 November.