Germany's inflation rate has dropped to its lowest level since August 2021, a phenomenon particularly driven by falling fuel prices. The figure is still higher than it should ideally be. German inflation drops to lowest level in over 2 years Germany's inflation rate has dropped to its lowest level since August 2021, a phenomenon particularly driven by falling fuel prices. The figure is still higher than it should ideally be. Olive oil on sale in a supermarket Food price rises are still high year-on-year, but they appear to be on a Year-on-year inflation in Germany for October dropped to 3.8%, its lowest level in more than two years, according to final figures released on Wednesday. While the figure is a marked decrease from September's 4.5% rise, it is still far higher than the European Central Bank's target of 2%. What does the latest figure show? The inflation figure, released by Germany's Federal Statistical Office, Destatis, is dramatically lower th...