The annual harmonized CPI falls to -0.7% (preliminary) in November compared to the -0.5% expected

  • The annual harmonized CPI fell sharply in November in Germany.
  • EUR / USD is moving away from the highs after the data.

Inflation in Germany, measured by the consumer price index CPI, was -0.8% in NovemberDestatis reports in its preliminary estimate Monday. This reading arrives after the 0.1% increase observed in October and has been worse than the market expectation of -0.7%.

Furthermore, the consumer price index Harmonized CPI, the inflation indicator preferred by the European Central Bank, plummeted to -0.7% annually and it was below analysts’ estimate of -0.5%.

.

You may also like

What will happen to the price of XRP
Top News
David

What will happen to the price of XRP

The price of XRP has recently fallen, despite the growth of purchasing activity. Over the past day, Ripple has lost