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German CPI down by 0.1%

Monday, Jun 29 2015
The inflation rate in Germany as measured by the consumer price index is expected to be +0.3% in June 2015. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices are expected to decline by 0.1% on May 2015. Analysts were predicting 0.1% increase. 
 
The harmonised consumer price index for Germany, which is calculated for European purposes, is expected to be up 0.1% in June 2015 year on year. Compared with May 2015, it is expected to decline by 0.2%.
 
Data of course remained in the shadow of Greek concerns but after initial gap lower euro managed to rebound and is currently being traded above 1.11 handle. Pair is likely to find support around 1.1050 area and resistance above 1.1150 level. Later today, Pending Home Sales figures are scheduled for a release.
More in this category: « Net Lending to individuals rose less than expected Home Sales in Australia dipped 2.3% in May »

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