Investing.com - Consumer price inflation in Germany declined for the first time since October 2009 in January, underlining concerns over the risk of deflation in the euro area, official preliminary data showed on Thursday.
In a report, the German Federal Statistics Bureau said consumer price inflation decelerated at an annualized rate of 0.3% this month, compared to forecasts for a decline 0.1% and slowing from a reading of 0.2% in December.
Month-over-month, German consumer prices dropped 1% in January, compared to expectations for 0.8% decline, after holding flat in the preceding month.
EUR/USD was trading at 1.1300 from around 1.1296 ahead of the release of the data, while EUR/GBP was at 0.7470 from 0.7468 earlier.
Meanwhile, European stock markets remained mixed. Germany's DAX fell 0.1%, the EURO STOXX 50 inched up 0.25%, France’s CAC 40 tacked on 0.1%, while London’s FTSE 100 dropped 0.5%.
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German inflation slows to -0.3% in January, lowest since 2009
Published 01/29/2015, 08:01 AM
German inflation slows to -0.3% in January, lowest since 2009
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