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Annual inflation falls to -0.5% in October according to preliminary estimate

The preliminary estimate of inflation in Germany for the month of October showed figures below expectations. Annual inflation would have been -0.5%, below the expected 0.4%, given an increase in the consumer price index of 0.1% in the month.

The euro was unchanged. The spotlight is on the European Central Bank which announced its monetary policy decision and where President Christine Lagarde will shortly give a press conference.

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Credits: Forex Street

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