Even a German central banker could sleep at night with the low inflation readings is Deutschland.
Preliminary German regional HICP inflation numbers trickled in throughout the morning until the national reading of 1.6% y/y was released. It’s well below 1.9% in July and 1.7% expected. CPI was at 1.5% vs 1.7% expected.
The numbers have been weighing on EUR/USD along with an unexpected 7K rise in German unemployment, compared to a 5K fall expected.
