German inflation stuck at 0.8% for fourth month in a row
Inflation in Germany, Europe's biggest economy, remained at the low level of 0.
8 percent for the fourth month in a row in October, final data showed on Thursday.
Confirming an earlier flash estimate, the federal statistics office Destatis calculated that German inflation stood at just 0.
8 percent year-on-year last month, unchanged since July.
The last time inflation in Germany fell below 0.
8 percent was in February 2010.
Using the Harmonised Index of Consumer Prices (HICP) -- the yardstick used by the European Central Bank -- inflation in Germany was even lower at 0.
7 percent in October, way under the ECB's annual inflation target of just below 2.
The chronically low level of inflation across the 18-nation eurozone has fuelled concern the region could slip into deflation -- a sustained and widespread drop in prices that hampers economic activity and threatens job losses.
While falling prices may sound good for consumers, deflation can trigger a vicious spiral where businesses and households delay purchases, throttling demand and causing companies to lay off workers.
Such concerns persuaded the ECB to cut interest rates to a new all-time low and roll out other anti-deflation measures such as a series of liquidity programmes to inject cash into the economy.
© 2014 AFP