GERMANY ANNUAL CPI INFLATION DECLINES TO 3.2% IN NOVEMBER VS. 3.5% EXPECTED
- CPI Inflation in Germany continued to soften in November.
- EUR/USD remained around 1.0980 with the immediate reaction.
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), declined to 3.2% on a yearly basis in November from 3.8% in October. This reading came in below the market expectation of 3.5%. On a monthly basis, the CPI dropped 0.4%.
The annual Harmonised Index of Consumer Prices (HICP), the European Central Bank's (ECB) preferred gauge of inflation, rose 2.3% in the same period, compared to 3.0% in October and the market forecast of 2.7%. Monthly HICP decreased 0.7%.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.