Germany's Federal Statistical Office reported on Monday the country’s consumer price index (CPI) is expected to remain unchanged m-o-m in September, following a 0.2 percent m-o-m decline in the previous month.

On the y-o-y basis, Germany’s inflation rate is seen to rise 1.2 percent this month after a 1.4 percent gain in August. That was the lowest reading since February 2018.

Economists had predicted inflation would increase 0.1 percent m-o-m and 1.3 percent y-o-y in September.

According to the report, food price growth decelerated to 1.3 percent y-o-y in September from 2.7 percent y-o-y in August, while energy prices fell 1.1 percent y-o-y after an advance of 0.6 percent y-o-y in the previous month. Services costs rose 1.4 percent y-o-y in September, following a 1.3 percent y-o-y climb in the previous month.

Meanwhile, the harmonized index of consumer prices for Germany (HICP), which is calculated for European purposes, is expected to fall 0.1 percent m-o-m and to increase 0.9 percent y-o-y.