Germany December preliminary CPI +2.6% vs +2.4% y/y expected ...Middle East

Prior +2.2%HICP +2.9% vs +2.6% y/y expectedPrior +2.4%

That's a much higher reading than estimated as German monthly inflation climbs by 0.4%, compared to 0.3% expected in December. The more pressing concern is that core annual inflation is seen moving up for yet another month, now up to 3.1%. For some context, it was at 2.7% back in September. Stagflation much?

This article was written by Justin Low at www.forexlive.com.

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