Open Demo Account
Home / Market Update / Germany: Annual CPI inflation jumps to 10% in September

Germany: Annual CPI inflation jumps to 10% in September

Adel 29 September, 2022 4:42 pm Market Update

As measured by the Consumer Price Index (CPI), annual inflation in Germany climbed to 10% in September from 7.9% in August, Germany’s Destatis reported on Thursday. This reading came in higher than the market expectation of 9.4.

Meanwhile, the Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) preferred gauge of inflation, jumped to 10.9% from 8.8%, compared to analysts’ estimate of 10%.

The EUR/USD pair continues to trade above 0.9700 after the German inflation data.

Tags

Check Also

US Trade Policy Casts Long Shadow of Uncertainty Over Global Markets

The global economy is grappling with fading optimism about the prospect of lower tariffs under …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends