October 2017 German flash HICP and CPI report 30 October 2017
- Prior 1.8%
- -0.1% vs 0.1% exp m/m. Prior 0.0%
- CPI 1.6% vs 1.7% exp y/y. Prior 1.8%
- 0.0% vs 0.1% exp m/m. Prior 0.1%
Much softer than expected and that’s sent the euro lower as the first big CPI number since the ECB comes in soft. EURUSD trades down to 1.1605 from 1.1615. The numbers had been flagged softer in the regionals earlier but perhaps not ot he extent of this miss in the headline.