- Prior +2.6%
- HICP +2.8% vs +2.8% y/y prelim
- Prior +2.8%
The good news is that core annual inflation did ease back to 2.9% but relative to the conversation, it’s still on the high side and not really moving back close to 2% for now. There’s still more time needed and stagflation risks will be a concern for the German economy as such.
This article was written by Justin Low at www.forexlive.com.
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