German consumer price inflation is flat in August

Market news

28 August 2015

German consumer price inflation is flat in August

Destatis released its consumer price data for Germany on Friday. German preliminary consumer price index was flat in August, beating expectations for a 0.1% decline, after a 0.2% rise in July.

On a yearly basis, German preliminary consumer price index remained unchanged at 0.2% in August, in line with expectations.

Higher services prices offset lower goods prices, which were driven by a decline in energy prices.

U.S.: PCE price index ex food, energy, m/m, July 0.1% (forecast 0.1%)

Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the revised GDP data from the U.K.

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