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US German prelim HICP 2.4% vs 2.1% expected

  • Prior was 1.8%
  • m/m HICP +0.4% vs +0.2% exp
  • CPI +2.0% y/y vs +1.8% exp
  • CPI +0.4% m/m vs +0.2% exp

These numbers are hot but were flagged by regional numbers earlier. As Justin wrote:

Just take note that the readings here are much higher than anticipated.
And this is likely to see an upside consideration to the estimate for
the national reading later. German annual inflation is expected to come
in at 1.8% in October but looking at this, we might see it move to
around 2.1% instead.

This article was written by Adam Button at www.forexlive.com.

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