Germany December preliminary CPI +8.6% vs +9.1% y/y expected
Prior +10.0% CPI -0.8% vs -0.3% m/m expected Prior -0.5% HICP +9.6% vs +10.7% y/y expected Prior +11.3% HICP -1.2% vs -0.5% m/m expected Prior 0.0% The steeper fall in German inflation was already predicated by the state readings earlier today, and surely owes much to lower energy prices once.