Investing.com - Consumer price inflation in Germany rose more than initially expected in August, revised data showed on Wednesday.
In a report, the German Federal Statistics Bureau said consumer price inflation rose by a seasonally adjusted 0.4% in August, compared to a preliminary reading of 0.3%.
Year-on-year, German consumer price inflation accelerated at an annualized rate of 2.1%, above a preliminary reading of 2% increase, after rising at a rate of 1.7% in July.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.16% to trade at 1.2876.
Meanwhile, European stock market futures pointed to a mildly higher open. The EURO STOXX 50 futures pointed to a gain of 0.35% at the open, France’s CAC 40 futures added 0.45%, London’s FTSE 100 futures rose 0.3%, while Germany's DAX futures pointed to a rise of 0.5% at the open.
In a report, the German Federal Statistics Bureau said consumer price inflation rose by a seasonally adjusted 0.4% in August, compared to a preliminary reading of 0.3%.
Year-on-year, German consumer price inflation accelerated at an annualized rate of 2.1%, above a preliminary reading of 2% increase, after rising at a rate of 1.7% in July.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD adding 0.16% to trade at 1.2876.
Meanwhile, European stock market futures pointed to a mildly higher open. The EURO STOXX 50 futures pointed to a gain of 0.35% at the open, France’s CAC 40 futures added 0.45%, London’s FTSE 100 futures rose 0.3%, while Germany's DAX futures pointed to a rise of 0.5% at the open.