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 remained strong near 102.9 on Friday, set for a second consecutive weekly gain as US inflation data and Federal Reserve signals dampened hopes for significant rate cuts.
Detail
CPI Rises 0.2% in September, Driven by Shelter and Food PricesThe Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.2 percent in September on a seasonally adjusted basis, mirroring the rises in August and July, according to the U.S. Bureau of Labor Statistics.
Detail Dollar Holds Near Highs Due to US CPI Data and Fed Outlook (10.10.2024)The dollar index remained strong around 102.9 as markets awaited the release of US Consumer Price Index (CPI) data, which could influence the Federal Reserve’s rate decision in November.
DetailThen Join Our Telegram Channel and Subscribe Our Trading Signals Newsletter for Free!
Join Us On Telegram!
