Germany: CPI inflation falls to 6.1% YoY in August vs. 6% forecast

  • 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%.

Market reaction

EUR/USD did not immediately react to these figures and is trading slightly higher at 1.0885.

Source: Fx Street

You may also like

The president of the US
Markets
Joshua

The president of the US

The president of the United States, Donald Trump, said on Saturday that the United States will impose a 30% tariff