Germany: HICP inflation to increase to 2.4% in October - Nomura

Analysts at Nomura expect the first estimate of German HICP inflation to increase to 2.4% y-o-y in October from 2.2% y-o-y in September.

Key Quotes

“For September core inflation, we also expect a climb to 1.4% y-o-y from 1.2% in September. Energy prices should drive up headline inflation, and we believe core HICP inflation will accelerate owing to base effects related to falling car insurance costs a year ago.”