FX.co ★ German Inflation Cools Further in October, CPI Slips to 2.8% YoY

Germany’s inflation rate eased again in October 2026, with the Consumer Price Index (CPI) rising 2.8% year-over-year, down from 3.3% in September 2026. The latest data, updated on 30 October 2026, indicate a continued moderation in price pressures in Europe’s largest economy.

The figures are based on a year-over-year comparison, with the October reading measuring price changes relative to October a year earlier, while September’s 3.3% reflected the comparison with the same month of the previous year. The step down from September to October suggests that inflation is gradually moving closer to levels more consistent with price stability, potentially easing some pressure on households and businesses.

While no further details on category breakdowns were provided, the sustained decline in the headline CPI strengthens the picture of a cooling inflation environment in Germany as the final quarter of 2026 gets under way.