- Analytics
- News and Tools
- Market News
- Germany: Annual HICP falls to 5.7% in December versus 5.7% expected
Germany: Annual HICP falls to 5.7% in December versus 5.7% expected
- HICP fell as expected to 5.7%, but CPI was higher than expected and rose to 5.3% in December.
- The euro saw some initial positive ticks, but state-level data earlier in the day flagged the risk of a positive surprise.
According to a preliminary estimate published by Destatist this Thursday, Germany's Harmonized Index of Consumer Prices (HICP), which is the ECB's preferred gauge of inflation, fell as expected to 5.7% in December from 6.0% in November. However, MoM HICP was higher than expected at 0.3% versus median forecasts for a drop to 0.2% in December from 0.3% in November.
The alternative Consumer Price Index (CPI) showed YoY inflation at 5.3% in December, more than the 5.1% median expectation of surveyed analysts and above November's 5.2% rate. The MoM pace of inflation according to the CPI was also higher than expected at 0.5%, above consensus forecasts for an acceleration to 0.4% from -0.2% in November.
Market Reaction
The euro has seen some minor positive ticks in recent trade, though state-level inflation data released earlier on Thursday did point to stronger than expected YoY CPI and MoM CPI and HICP inflationary pressures.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
