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German CPI unchanged in December

Monday, Jan 05 2015
The inflation rate in Germany as measured by the consumer price index is expected to be 0.9% on an annual average in 2014 as compared with 2013. The harmonised index of consumer prices (HICP) for Germany  is expected to have risen by 0.8% in 2014 as compared with 2013.  However, consumer prices are not expected to have changed on November 2014, missing forecasts on 0.1% increase. 
 
Based on the results available so far,  the inflation rate is expected to stand at 0.2% in December 2014. A lower rate of inflation was last measured in October 2009 (0.0%). In December 2014, the harmonised index is expected to record a 0.1% year-on-year increase and a 0.1% rise from November. 
 
After the data euro added few points and is currently being traded slightly below 1.1920 area. Pair is likely to find support at 1.1880 level and resistance above 1.1970 area. Rest of the session will be without major data releases.
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