Details of the September 2016 German HICP and CPI data report 29 September 2016
Prior 0.3%
0.0% vs 0.0% exp m/m. Prior -0.1%
CPI 0.7% vs 0.6% exp y/y. Prior 0.4%
0.1% vs 0.0% exp m/m. Prior 0.0%
Matching expectations on the HICP and beating them on CPI. The regional numbers earlier signaled that we would be getting higher readings and it puts German inflation at highs not seen for over a year and a half.If the rest of Europe starts doing similar we may even start to see the euro move ;-)
Delving into the numbers, services and rents kept the theme going, +1.3% apiece on the year. Energy was -3.6% vs -5.9% y/y in August.
German HICP y/y