Inflation rate in Germany jumped to 3.8 % in July, from 2.3% in June. It is the highest level since December 1993. Today's reading came in well above market expectations of 3.3%. In monthly terms it is 0.9% MoM against expectations of 0.5% MoM and at the previous level of 0.4% MoM. Earlier today, inflation from Spain positively surprised with a reading of 2.9% YoY.
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DE30 saw a relatively small reaction to today's inflation data release from Germany. Index continues to trade just slightly below the 15,680 pts mark. Source: xStation5
