German October preliminary inflation data:
- Prior was +0.9% y/y
- HICP +0.1% m/m vs 0.0% exp
- CPI +0.1% vs 0.0% exp
- CPI +1.1% y/y vs +1.0% exp
German inflation is a tad hotter than anticipated but still way below anything that would qualify as worrisome. There's still a long way to go to get to 2% and the eurozone/German economy isn't moving in the right direction to get it there.
