Germany annual CPI inflation edges higher to 2.3% in July vs. 2.2% expected
Source Fxstreet
- CPI in Germany rose 2.3% on a yearly basis in July.
- EUR/USD continues to fluctuate in a tight range above 1.0800.
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), rose to 2.3% on a yearly basis in July from 2.2% in June. This reading came in above the market expectation of 2.2%. On a monthly basis, the CPI rose 0.3% following the 0.1% rise recorded in June.
The Harmonized Index of Consumer Prices, the European Central Bank's preferred gauge of inflation, rose 2.6% on a yearly basis, up from 2.5% in June and above analysts' estimate of 2.4%.
Market reaction
EUR/USD showed no reaction to these figures and was last seen trading little changed on the day at 1.0825.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Here is what you need to know on Monday, May 25:
