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North Rhine Westphalia December CPI +8.7% vs +10.4% y/y prior
That's a notable drop in annual inflation for Germany's industrial state, with the monthly reading reflecting a 1.0% decline as well (vs -0.8% in November). If other states also show a drop of similar magnitude, it points to a more pronounced easing of inflation pressures than the 9.1% estimated for the national reading later today.
This article was written by Justin Low at www.forexlive.com... Read More Posted: Jan 3 2023, 06:34
Author Name: forexlive
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