Germany November preliminary CPI +3.2% vs +3.5% y/y expected

<ul><li>Prior +3.8%</li><li>CPI -0.4% vs -0.1% m/m expected</li><li>Prior 0.0%</li><li>HICP +2.3% vs +2.6% y/y expected</li><li>Prior +3.0%</li><li>HICP -0.7% vs -0.5% m/m expected</li><li>Prior -0.2%</li></ul><p>The headline reading is the lowest since June 2021, as monthly consumer prices also decline more than expected in November. The 3.2% reading does fit with estimations from the state readings earlier in the day, which were also much softer than anticipated. Core annual inflation is also presumed to decline to 3.8% this month, down from 4.3% in October, and that is another welcome development for the ECB at this point in time.</p>

This article was written by Justin Low at www.forexlive.com.