German Consumer Prices below expectations

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The inflation rate in Germany was recorded at 0 % August, after a 0.1 % decline in the previous month and below analysts’ expectations.
On monthly basis, CPI decreased -0.1 % from 0.5% decline in previous month.

Meanwhile Harmonized Index of Consumer Prices (YoY) fell 0.1%, below market expectations.

On monthly basis, Harmonized Index of Consumer Prices dropped 0.2 % in August, after 0.5 % drop in previous month and below analysts’ estimates.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1935 level. Source: xStation5

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German Consumer Prices below expectations

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