Germany’s consumer price index fell 0.2% in October from September pushed lower by the recent drop in oil prices, while annual inflation accelerated 2.4%.

The final data from the federal statistics agency Friday confirms a previously released estimate.

October’s final CPI print was also in line with a consensus in a Dow Jones Newswires survey of economists.

“The significant decline of the inflation rate is mainly owing to the recent decline of oil products,” the federal statistics office said.

The country’s harmonized inflation rate the European Central Bank looks at fell 0.3% on the month and was 2.5% higher than in October 2007.

Source: http://www.djnewswires.com/eu

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