Unexplained Drop of Germany’s Inflation
The Federal Statistics Office informed that inflation in Germany has surprisingly declined this month. That is, consumer prices lifted 1.4% yoy, despite the forecast of 1.6%. In comparison to the prior month, prices reduced 1.0%. Federal Statistics Office says the main driver of this weakening were low energy inflation. German inflation numbers are very important for ECB in considering further policy decisions so that would be really interesting to see what officials will have to say about this data.