Germany August preliminary CPI +2.2% vs +2.1% y/y expected ...Middle East

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Germany August preliminary CPI +2.2% vs +2.1% y/y expected
Prior +2.0%HICP +2.1% vs +2.0% y/y expectedPrior +1.8%

The state readings, which were firmer than estimated, from earlier can be found here. Core annual inflation remains unchanged for a third straight month at 2.7%. That is still on the higher side as it holds above the ECB's 2% target, so more work needs to be done in getting that lower. That especially with German consumers continuing to feel the pinch.

This article was written by Justin Low at investinglive.com.

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