German economy hits inflation of 0.8 percent September

(MENAFN) Germany, Europe's biggest economy, witnesses inflation at its current ultra-low levels for the third month in a row in September, AFP reported.

A flash estimate released by the federal statistics office shows that German inflation this month stood at 0.8 percent annually, unchanged since July.
The last time inflation in Germany was lower than 0.8 percent in February 2010.

Inflation across the 18-nation eurozone has been usually low, fuelling concern the region could slip into deflation, a sustained and widespread drop in prices that hampers economic activity and threatens job losses.

While low 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.