- CPI inflation in Germany eased slightly in August.
- EUR/USD is holding on to small daily gains as it holds below 1.0900.
Inflation in Germany, measured by the change in the Consumer Price Index (CPI), fell to 6.1% year-on-year in August, compared to 6.2% in July. This figure exceeded market expectations, which expected 6%. In monthly terms, the CPI rose 0.3%, matching the analyst estimate and the July increase.
He Annual Harmonized Index of Consumer Prices (IPCA), the inflation indicator preferred by the European Central Bank (ECB), rose 6.4% in the same period, compared to 6.5% in July and the market forecast of 6.2%. The monthly IPCA increased by 0.4%.
EUR/USD did not immediately react to these figures and is trading slightly higher at 1.0885.
Source: Fx Street
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