The official CPI report for Germany is published today at 1:00 PM BST. However, at 9:00 AM BST, reports from German regions were released, indicating a much larger decline in year-over-year headline inflation. The average inflation from the states dropped to 1.9%, below the ECB's target of 2.0%.
01:00 PM BST, Germany - Inflation Data for August; Expectations:
- German CPI: forecast 2.1% YoY; previous 2.3% YoY;
- German HICP: forecast 2.3% YoY; previous 2.6% YoY;
- German HICP: forecast 0.0% MoM; previous 0.5% MoM;
- German CPI: forecast 0.0% MoM; previous 0.3% MoM;
Data from the regions suggest that inflation in the eurozone has returned to the 2% target. A rate cut during the meeting scheduled for September 12 is currently priced at 103% (compared to 99% before the data). Source: XTB
Since the publication of the CPI data, the EURUSD pair has already lost over 0.4%. The pair has thus broken below the support zone marked by the 50-period EMA (blue curve on the chart, H4 interval) and the 23.6% Fibonacci retracement of the upward wave that began at the start of the month. Source: xStation
US Open: Further declines on Wall Street, Brent above 111 USD, AI correction continues (14.10.2026)
BREAKING: France slows down, Germany holds on. Euro falls below 1.12
Chart of the Day: Is USDJPY running out of road? Inflation forces the BoJ to act, but the Fed could spoil the Yenโs rally
Macro Calendar: Preliminary PMI Readings and Earnings Ahead