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German CPI down by 1.0%

Thursday, Jan 29 2015
The inflation rate in Germany as measured by the consumer price index is expected to be -0.3% in January 2015. A negative inflation rate was last measured in September 2009 (‑0.2%). Based on the results available so far, the consumer prices are expected to decline by 1.0% on December 2014. Analysts were anticipating smaller decline by 0.8%.
 
Excluding food and energy, consumer prices are expected to increase by 1.1% year on year. The harmonised consumer price index for Germany, which is calculated for European purposes, is expected to decline by 0.5% in January 2015 on the same month a year earlier. It is expected to decrease by 1.3% on December 2014. 
 
Despite weaker than expected figures, euro edged up few points and is currently being traded around 1.1310 area. Pair is likely to find support around 1.1250 level, and resistance near 1.1350 area. Later today, Unemployment Claims figures are scheduled for a release.
More in this category: « CBI Realized Sales showed balance of +36% Unemployment Claims on the lowest level since April 2000 »

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