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.
Recommended Articles
Insights - AMD (AMD.US) is set to release its Q3 FY2024 earnings on October 29. As one of the few companies capable of genuinely capturing market share from NVIDIA, AMD’s earnings report will be a focal point for the market.
Pi Network Price Annual Forecast: PI Heads Into a Volatile 2026 as Utility Questions Collide With Big UnlocksPi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.
Pi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
US President Donald Trump says Iran talks to begin Monday after canceling attackUS President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
Here is what you need to know on Tuesday, August 4:
