Investing.com - Consumer price inflation in Germany eased slightly less-than-expected in January, official preliminary data showed on Monday.
In a report, the German Federal Statistics Bureau said consumer price inflation eased by 0.4% in January, compared to expectations for a decline of 0.5%.
German consumer prices rose by 0.7% last month.
Year-on-year, German consumer price inflation accelerated at an annualized rate of 2.0%, broadly in line with expectations, after rising at a rate of 2.1% in December.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD slumping 0.81% to trade at 1.3112.
Meanwhile, European stock markets were broadly lower. Germany's DAX fell 0.75%, the EURO STOXX 50 dropped 1%, France’s CAC 40 tumbled 1.05%, while London’s FTSE 100 declined 0.8%.
In a report, the German Federal Statistics Bureau said consumer price inflation eased by 0.4% in January, compared to expectations for a decline of 0.5%.
German consumer prices rose by 0.7% last month.
Year-on-year, German consumer price inflation accelerated at an annualized rate of 2.0%, broadly in line with expectations, after rising at a rate of 2.1% in December.
Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD slumping 0.81% to trade at 1.3112.
Meanwhile, European stock markets were broadly lower. Germany's DAX fell 0.75%, the EURO STOXX 50 dropped 1%, France’s CAC 40 tumbled 1.05%, while London’s FTSE 100 declined 0.8%.