Investing.com - Consumer price inflation in Germany slowed in line with expectations in November, 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 accelerated at an annualized rate of 0.6% this month, meeting forecasts and slowing from 0.8% in October.
Month-over-month, German consumer prices were flat this month, in line with expectations, after falling 0.3% in the preceding month.
EUR/USD was trading at 1.2492 from around 1.2485 ahead of the release of the data, while EUR/GBP was at 0.7926 from 0.7922 earlier.
Meanwhile, European stock markets remained higher. Germany's DAX rose 0.6%, the DJ Euro Stoxx 50 picked up 0.55%, France’s CAC 40 advanced 0.35%, while London’s FTSE 100 tacked on 0.2%.