Germany annual CPI inflation holds steady at 2.1% as forecast
Source Fxstreet
- Annual inflation in Germany remained unchanged at 2.1% in May as expected.
- EUR/USD stays in daily range below 1.1350 after the data.
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2.1% on a yearly basis in May, Destatis' flash estimate showed on Friday. This reading came in line with the market expectation.
On a monthly basis, the CPI rose 0.1% following the 0.4% increase recorded in April.
The Harmonized Index of Consumer Prices in Germany, the European Central Bank's preferred gauge of inflation, rose 2.1% on a yearly basis after rising 2.2% in April. This reading came in above analysts' estimate of 2%.
Market reaction
These figures don't seem to be having a noticeable impact on the Euro's valuation. At the time of press, EUR/USD was down 0.25% on the day at 1.1337.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Cardano price started a fresh decline below the $0.80 zone. ADA is now consolidating and might aim for a recovery above $0.780. ADA price started a fresh decline below $0.80 and $0.780. The price is
Gold price seems vulnerable below $3,300 amid tariffs news, stronger USDGold price (XAU/USD) touched a one-and-a-half week low, around the $3,246-3,245 area during the Asian session on Thursday in reaction to the news that a federal court blocked US President Donald Trump's trade tariffs from going into effect.
Gold price (XAU/USD) touched a one-and-a-half week low, around the $3,246-3,245 area during the Asian session on Thursday in reaction to the news that a federal court blocked US President Donald Trump's trade tariffs from going into effect.
An analyst has pointed out that Shiba Inu is currently trading within a triangle pattern, which could set up a 17% move for the memecoin. 4-Hour Price Of Shiba Inu Has Been Consolidating Inside A
Ethereum price found support at $2,550 and started a fresh increase. ETH is now up over 5% and might attempt to clear the $2,800 resistance. Ethereum started a decent increase above the $2,550 and
Bitcoin is currently changing hands just above $108,000, consolidating after Tuesday’s fresh all-time high. Charles Edwards, founder of the digital-asset hedge fund Capriole Investments, believes
