Flash German CPI report for September was released today at 1:00 pm BST. Market was expecting headline German CPI to decelerate from 6.1% YoY in August to 4.6% YoY in September. State-level CPI readings released throughout the day indeed suggested that a noticeable slowdown may be reported. However, flash CPI data from Spain released this morning showed an unexpected pick-up.
Actual data from German confirmed significant deceleration that was expected and showed a slightly lower than expected reading of 4.5% YoY. EUR pulled back slightly following the release with EURUSD moving around 0.05% lower. However, the reaction was short-lived and has been completely erased within minutes of the release.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appGerman CPI data for September
- Annual: 4.5% YoY vs 4.6% YoY expected
- Monthly: 0.3% MoM vs 0.3% MoM expected
German state-level CPI readings
- North Rhine Westphalia: 4.2% YoY vs 5.9% YoY previously
- Hesse: 4.7% YoY vs 6.0% YoY previously
- Bavaria: 4.1% YoY vs 5.9% YoY previously
- Brandenburg: 5.6% YoY vs 7.1% YoY previously
- Baden Wuerttemberg: 5.1% YoY vs 7.0% YoY previously
- Saxony: 5.4% YoY vs 6.8% YoY previously
Source: Bloomberg Finance LP
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
