FRANKFURT (Dow Jones)--Consumer prices in the German state of Saxony, the first state to release inflation data for October, edged up in October from the previous month, but the overall subdued level of the index still doesn't signal any immediate acceleration in inflation.
Consumer prices rose 0.1% on the month and declined 0.1% on the year, data from the state statistics office showed Wednesday.
Prices for food and household energy continued to exert downward pressure, the data showed. Food and alcohol-free beverage prices fell 0.3% on the month and declined 3.4% on the year, while household energy prices fell 0.2% on the month and were down 6.8% on the year earlier.
In September consumer prices in Saxony fell 0.3% on both monthly and annual terms.
Five other German states will publish inflation data throughout the day Wednesday before the Federal Statistics Office publishes pan-German inflation figures.
Economists in a Dow Jones Newswires survey forecast steady prices on the month and a 0.1% decline on the year.
Web site: www.statistik.sachsen.de
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