Investing.com - Consumer price inflation in Germany rose in line with market expectations in October, unchanged from the previous month, official preliminary data showed on Monday.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 2.0% in October, in line with expectations and unchanged from September.
Month-over-month, German consumer prices were flat in October, match forecasts and unchanged from the preceding month.
Following the release of the data, the euro remained lower against the U.S. dollar, with EUR/USD dipping 0.33% to trade at 1.2897.
Meanwhile, European stock markets were broadly lower. Germany's DAX slumped 0.55%, the EURO STOXX 50 shed 0.9%, France’s CAC 40 declined 0.9%, while London’s FTSE 100 eased down 0.5%.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 2.0% in October, in line with expectations and unchanged from September.
Month-over-month, German consumer prices were flat in October, match forecasts and unchanged from the preceding month.
Following the release of the data, the euro remained lower against the U.S. dollar, with EUR/USD dipping 0.33% to trade at 1.2897.
Meanwhile, European stock markets were broadly lower. Germany's DAX slumped 0.55%, the EURO STOXX 50 shed 0.9%, France’s CAC 40 declined 0.9%, while London’s FTSE 100 eased down 0.5%.