Consumer prices in Germany held steady in September, but core inflation rose.
Germany’s inflation rate for September 2024 is predicted to be +1.6%, based on the change in the Consumer Price Index (CPI) compared to the same month last year. Preliminary data from the Federal Statistical Office (Destatis) indicates that consumer prices are expected to stay the same as in August 2024. Core inflation, which excludes food and energy prices, is estimated to be +2.7%.
Source: Destatis Statitiches Bundesamt
The dollar index hit a two-year high of 108.5 on hawkish Fed signals but eased after core PCE prices rose just 0.1% in November, sparking hopes for disinflation.
The PCE price index increased by 0.1% in November, with a similar 0.1% rise when excluding food and energy.
Detail Christmas and New Year HolidaysWe wish to inform you of adjustments to the trading conditions for the following instruments during the Christmas and New Year holidays.
DetailThen Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!