Investing.com - Consumer price inflation in Germany rose in line with market expectations in November, official preliminary data showed on Wednesday.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 1.9% in November, in line with expectations and slowing from October’s reading of 2.0%.
Month-over-month, German consumer prices eased down 0.1% last month, matching forecasts.
Following the release of the data, the euro remained lower against the U.S. dollar, with EUR/USD dipping 0.39% to trade at 1.2893.
Meanwhile, European stock markets were broadly lower. Germany's DAX slumped 0.35%, the EURO STOXX 50 shed 0.6%, France’s CAC 40 declined 0.35%, while London’s FTSE 100 eased down 0.4%.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 1.9% in November, in line with expectations and slowing from October’s reading of 2.0%.
Month-over-month, German consumer prices eased down 0.1% last month, matching forecasts.
Following the release of the data, the euro remained lower against the U.S. dollar, with EUR/USD dipping 0.39% to trade at 1.2893.
Meanwhile, European stock markets were broadly lower. Germany's DAX slumped 0.35%, the EURO STOXX 50 shed 0.6%, France’s CAC 40 declined 0.35%, while London’s FTSE 100 eased down 0.4%.