Germany annual CPI inflation stays unchanged at 2.3% in November

Annual CPI inflation in Germany held steady at 2.3% in November.
EUR/USD trades in negative territory below 1.1600 on Friday.

Eren Sengezer FXStreet

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 2.3% in November's preliminary estimate, Germany's Federal Statistical Office reported on Friday. This reading came in below the market expectation of 2.4%. On a monthly basis, the CPI declined by 0.2%.

The Harmonized Index of Consumer Prices (HICP), the European Central Bank's (ECB) preferred gauge of inflation, fell by 0.5% on a monthly basis but rose by 2.6% on a yearly basis.

Market reaction

The EUR/USD pair showed no immediate reaction to these figures and was last seen losing 0.23% on the day at 1.1570.

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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