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German Inflation Slows to 2.8% in October, Below Forecasts, Amid Fuel Tax Cut
Preliminary data from the statistics office showed on Friday that German inflation eased to 2.8% year-on-year in October from 3.3% the month before, below forecasts for 3.1%. This slowdown, driven by easing energy price rises, suggests the government's fuel tax cut is having an effect. Core inflation also fell to 2.1% from 2.4%.
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