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Germany's inflation rate hits lowest since August 2021

The inflation rate excluding food and energy, often referred to as core inflation, is expected to be *.* per cent, the Federal Statistical Office (Destatis) said in a press release.

The year-on-year (YoY) drop in energy prices of *.* per cent had a particularly dampening effect on the rate of inflation in October ****. A base effect due to the very high energy price level in the previous year applied here. Prior to this, energy prices last declined YoY in January **** at -*.* per cent compared with January ****.