- Prior +2.2%
- HICP +2.9% vs +2.6% y/y expected
- Prior +2.4%
That’s a much higher reading than estimated as German monthly inflation climbs by 0.4%, compared to 0.3% expected in December. The more pressing concern is that core annual inflation is seen moving up for yet another month, now up to 3.1%. For some context, it was at 2.7% back in September. Stagflation much?
This article was written by Justin Low at www.forexlive.com.
