Germany’s Harmonised Index of Consumer Prices (HICP) remained unchanged on a month‑on‑month basis in October 2026, coming in at -0.1%, the same rate recorded in the previous month. The data, updated on 11 November 2026, show that consumer prices in Germany fell slightly compared with the prior month, extending a flat to mildly deflationary short-term trend.
On a month-over-month basis, the “actual” figure for October represents a direct comparison with September, while the “previous” figure reflects September’s change versus August. In both cases, the HICP posted a -0.1% reading, indicating that the pace of short-term price declines has stabilized rather than accelerating or reversing. For policymakers and markets, the steady negative monthly print may reinforce expectations of subdued inflation dynamics in the near term.
