German CPI unchanged in August

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Friday, Aug 28 2015

The inflation rate in Germany as measured by the consumer price index is expected to be +0.2% in August 2015. Based on the results available so far, the Federal Statistical Office also reports that the consumer prices are expected to remain unchanged from July 2015. 0.1% decline way anticipated. The harmonised consumer price index for Germany, which is calculated for European purposes, is expected to be up 0.1% in August 2015 year on year. Compared with July 2015 it is expected to remain unchanged.

Earlier today, Spanish CPI figures were released. According to the flash estimate published by the INE, the annual inflation of the CPI in August 2015 fell by 0.4%. Analysts were predicting 0.1% decrease. This indicator provides a preview of the CPI that, if confirmed, would imply a decrease of five tenths in its annual rate, given that in July this change was 0.1%. This decrease is mainly explained by the decrease in the prices of fuels (gas and diesel oil) and electricity.

Euro is currently being traded few points above 1.1260 level. Pair is likely to find support around 1.12 handle and resistance above 1.13 area. Later today, Revised Consumer Sentiment figures are scheduled for a release.

More in this category: « Consumer spending supported by wage growth US Consumer Sentiment at a three-month low »

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