BREAKING: Markets muted after in-line German CPI

German CPI inflation report for July was released today at 1:00 pm BST. Market consensus pointed to a drop from 6.4% to 6.2% YoY and state-level readings released throughout the day supported this view, with all states reporting inflation dropping or staying unchanged compared to July.

Actual report matched expectations - German CPI slowed to 6.2% while monthly CPI came in at 0.3% MoM. As there were no surprise, there was also no major reaction on the market. EURUSD barely moved while DE30 jumped around 10 points in the first minutes

German CPI inflation for July

Annual: 6.2% YoY vs 6.2% YoY expected (6.4% YoY previously)
Monthly: 0.3% MoM vs 0.3% MoM expected (0.3% MoM previously)

German state-level CPI readings for July (YoY)

North-Rhine Westphalia: 5.8% vs 6.2% previously
Hesse: 6.1% vs 6.1% previously
Bavaria: 6.1% vs 6.2% previously
Brandenburg: 6.7% vs 6.7% previously
Saxony: 6.7% vs 6.8% previously
Baden Wuerttemberg: 6.8% vs 6.9% previously

16 July 2026, 7:59 AM

Economic Calendar: Earnings, US Retail Sales and Fed to Fight for Investors' Attention (16.07.2026)

16 July 2026, 7:05 AM

BREAKING: GBPUSD up 0.1% after better-than-expected UK GDP data 🇬🇧 📈

15 July 2026, 7:14 PM

Daily Summary: Wall Street Gains, Dow Jones Near All-Time Highs After Softer PPI Data

15 July 2026, 1:53 PM

Market Wrap: Indices gain on technology stocks rise and lower US PPI data

Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days