Cost of living slows to three-year low
AFP · 12 Nov 2013, 08:35
Published: 12 Nov 2013 08:35 GMT+01:00
- Germans set to spend €273 on Christmas gifts (05 Nov 13)
- Munich double charges thousands of taxpayers (18 Oct 13)
- Is rent in Germany too expensive? (16 Oct 13)
The cost of living rose by 1.2 percent in October on a 12-month basis, compared with 1.4 percent in September, the federal statistics office Destatis said in a statement.
It was the lowest level since August 2010, the statement said.
Using the Harmonised Index of Consumer Prices (HICP), the European CentralBank's inflation yardstick, inflationary pressures in Germany also seem to be easing, with the inflation rate slowing to 1.2 percent in October from 1.6 percent in September.
The data released on Tuesday confirmed a flash estimate released at the end of last month.