Central Banks Forex Market Intelligence News

German October prelim HICP inflation 11.6% vs 10.9% expected

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  • Prior was 10.9%
  • HICP m/m +1.1% vs +0.5% expected
  • Prelim CPI m/m +0.9% vs +0.6% expected
  • Prelim CPI y/y +10.4% vs +10.1% expected

The regional numbers that have already been reported have been hot so this isn’t a huge surprise but it highlights the challgen the ECB face and that the 50 bps priced in for December 15 isn’t enough.