German central bank out with its latest monthly report 24 Oct

  • could exceed 1% for the first time over 2 1/2 years

" According to current market expectations for the development of crude oil prices, the inflation rate at the end of 12016 could rise back to slightly above 1%."

Increase in inflation rate will be give Weidmann & Co more ammunition to call for ECB tapering but they're a little way off yet with Sept CPI coming in at +0.1%

Report here from the BUBA's website but no English translation yet.