Inflation in Germany, the euro zone's biggest economy, stood at 1% in September, its lowest rate in two and a half years, as oil and energy prices came off their highs, final data shows today.
The German consumer price index slipped by 0.4% in September from the figure for August and was 1% higher than it had been in September 2005, the federal statistics office, Destatis, calculated. That was the lowest rate since February 2004.
Already in August, consumer price inflation in the euro zone's biggest economy had slowed to 1.7%. The final data confirmed a preliminary estimation released at the end of last month.
Using the harmonised index of consumer prices, which the European Central Bank sees as its main inflation yardstick, German consumer prices also increased by 1% on a 12-month basis in September. The ECB defines price stability as consumer price increases of close to, but just under, 2%.
