BERLIN—An official estimate shows that Germany's annual inflation rate slipped to 2.5 percent in October after hitting a three-year high the previous month.
The Federal Statistical Office said Thursday that prices continued to be propelled by higher oil and gas costs. But year-on-year inflation was down from 2.6 percent in September.
The office says prices were unchanged in month-on-month terms. UniCredit economist Alexander Koch says he expects a continuous downward trend in inflation to start in the new year.
Data from Germany, Europe's biggest economy, are important as the European Central Bank decides whether to change interest rates for the 17-nation eurozone.
The ECB faces pressure to cut rates amid worries the eurozone economy could slide into recession.
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