FXstreet.com (Barcelona) - Consumer prices have increased 0.2% on the month in October in Germany, and 2.4% from October last year, pushed by the increase o food prices, according to the CPI estimate released by Destatis.

These figures are in line with the market analysts' expectations which advanced a 0.1% monthly rise and a 2.4% yearly increase.

The European Harmonized Index for Consumer Prices has increased 0.2% on the month and 2.7% on the year, according to Destatis.

The reason for these figures have been the higher prices of food, such as milk, eggs and vegetables which have offset the decreasing price of fuel.