Harmonized monthly inflation has risen to 0.3%, as expected, after settling at 0.1% in August.
The Annual harmonized CPI has also met expectations, rising to 4.1% from the previous 3.4%. This is the highest level reached by the indicator since December 1993.
However, the Federal Statistical Office (Destatis) also reports that Germany’s Consumer Price Index (CPI) has remained at the 0% in September, as expected.
EUR / USD reaction
The EUR / USD has not changed its position with the German inflation data, and remains trading around 1.1550, earning 0.18% daily. The pair has advanced ground in recent hours as it started Friday’s Asian session testing a daily low of 1.1530 after yesterday hitting a new 2021 bottom at 1.1524.