German Price Index shrinks
German CPI data has been released at 0.9%, down from 1 %. This is not good news as it shows the average price change for all goods and services purchased by households for consumption purposes. It is the main indicator to measure inflation and changes in prices of goods. Prices reducing can reflect an economy slowing, and this will be the fear.
The Euro has weakended slightly further against Sterling on this information, but remains fairly constant against the US dollar.
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