fxs_header_sponsor_anchor

News

Germany: Annual HICP inflation declines to 6.3% in May vs. 6.8% expected

  • Inflation in Germany came in lower than expected in May.
  • EUR/USD stays in negative territory below 1.0700 after the data.

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), declined to 6.1% on a yearly basis in May from 7.2% in April. This reading came in below the market expectation of 6.5%. On a monthly basis, the CPI fell 0.1% following April's 0.4% increase.

The annual Harmonised Index of Consumer Prices (HICP), the European Central Bank's (ECB) preferred gauge of inflation, rose 6.3% in the same period, compared to 7.6% in April and analysts' estimate of 6.8%.

Market reaction

The EUR/USD pair showed no immediate reaction to soft German inflation figures and was last seen losing 0.5% on a daily basis at 1.0682.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.