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

6 November 2026, 7:12 PM

Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall

6 November 2026, 1:31 PM

BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge

6 November 2026, 12:10 PM

EURUSD loses ground ahead of NFP

5 November 2026, 12:00 PM

BREAKING: BoE raises interest rates by 25pbs to 4%⏰

Economic reports

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