- Prior 1.6%
- 0.5% vs 0.7% exp m/m. Prior 0.2%
- CPI 1.4% vs 1.4% exp y/y. Prior 1.3%
- 0.4% vs 0.4% exp m/m. Prior 0.2%
A bigger fall than expected for the European harmonised figure but the German CPI numbers come in as expected and reflects the individual state data we saw earlier.
German HICP 06 01 2014
EUR/USD back above 1.36 after dipping to 1.3596 on the release.
The rise in the German CPI was mainly down to energy which rose to 1.1% from -0.3%. Food was up to 3.8% from 3.2%.
