German CPI up by 0.1% in November

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Friday, Dec 11 2015

Morning brought only minor importance German Final CPI and WPI data. Consumer prices in Germany were 0.4% higher in November 2015 compared with November 2014. The inflation rate as measured by the consumer price index was slightly up once again. In October 2015 it had been +0.3%. Higher rates of price increase than in November 2015 were last measured this year in April 2015 (+0.5%) and May 2015 (+0.7%). Compared with October 2015, the consumer price index rose by 0.1% in November 2015. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 30 November 2015.

As reported by the Federal Statistical Office the selling prices in wholesale trade decreased by 1.1% in November 2015 from the corresponding month of the preceding year. In October 2015 and in September 2015 the annual rates of change were –1.6% and –1.8%, respectively. From October 2015 to November 2015 the index fell by 0.2%.

Euro is currently being traded around 1.0940 area. Pair is likely to find support around 1.090 handle and resistance above 1.10 level. Later today, in the US session, PPI, Retail Sales and Consumer Sentiment figures are scheduled for a release.

More in this category: « Aussie lower due to fall in commodity prices UK Construction Output rose less than expected »

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