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German inflation rises more than expected in October

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The cost of living in Germany as represented by the consumer price index (CPI) rose on account of an uptick in food prices and service charges.

    The CPI printed at 0.3% m/m in October, beating the estimated rise to 0.2% from 0.0%. The annualised inflation stalled in October, beating the estimated drop of -0.1%. The harmonised consumer price index for Germany calculated for European purposes is expected to be up 0.2% in October 2015 year on year. It is not expected to change from September 2015.

    Food prices rose 1.6% y/y, while energy prices dropped again by 8.6% y/y.
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