1:01 PM · 30 August 2023

BREAKING: German CPI above expectations!

German CPI data for August was released at 1:00 pm BST time:

CPI annual change: actual 6.1% y/y; expected 6.0% y/y, previously 6.2% y/y
HICP annual change: actual 6.4% y/y; expected 6.3% y/y, previously 6.5% y/y

DAX showed no noticeable reaction to the data release. Poorer economic data across Europe appears to outweigh the higher CPI in Germany. Additionally, the general trend is downward, as the previous release was at 6.2% year-over-year. Source: xStation 5.

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