In Germany, the annual inflation rate reached 2% again in October. The core inflation rate, which excludes food and energy, rose from 2.7% to 2.9%. The Federal Statistical Office of Germany (Destatis) released preliminary data on consumer price increases in October. The annual inflation rate, which was 1.6% in September, rose to 2% in October. This led to a renewed increase in the country’s inflation rate. Market expectations were pointing towards inflation reaching 1.8% in October. The inflation rate in the country showed a 0.4% increase on a monthly basis. Harmonized CPI in line with the EU rose by 0.4% compared to the previous month in October, and by 2.4% on an annual basis. Harmonized CPI had been recorded at 1.8% annually in September. The core inflation rate, calculated excluding food and energy, rose from 2.7% to 2.9%. Food prices, which were the biggest determinant of inflation in the country last year, rose by 2.3% in October compared to a year ago, while energy prices showed a 5.5% decrease.