Latest data released by Destatis - 28 November 2019
- Prior +0.1%
- CPI +1.1% vs +1.2% y/y expected
- Prior +1.1%
- HICP -0.8% vs -0.7% m/m expected
- Prior +0.1%
- HICP +1.2% vs +1.1% y/y expected
- Prior +0.9%
The readings here more or less sit within what is expected after what we saw from the state readings. Annual headline inflation is seen more steady with the EU-harmonised reading improving so that's at least a mildly positive takeaway.
That said, we're still a long way from anything sustainable towards 2% and that will remain an issue for Germany and the ECB.
I'll be signing off now. To all our US readers, I wish you a Happy Thanksgiving holiday!