Germany annual CPI inflation softens to 1.6% in September

Inflation in Germany continued to soften in September.
EUR/USD trades in positive territory near 1.1200 after the German CPI data.

Eren Sengezer FXStreet

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), declined to 1.6% on a yearly basis in September from 1.9% in August, Destatis reported. On a monthly basis, the CPI was unchanged following the 0.1% decline recorded in August.

The Harmonized Index of Consumer Prices in Germany, the European Central Bank's preferred gauge of inflation, rose 1.8% on a yearly basis, down from 2% in August and below the market expectation of 1.9%.

Market reaction

These figures failed to trigger a noticeable reaction in EUR/USD. At the time of press, the pair was trading near 1.1200, where it was up about 0.3% on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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