Currency
by ForexNewsNow Team on December 9, 2010

Germany CPI rises by 0.1% in November, data shows

NEW YORK (Forex News Now) – Germany’s consumer price index rose slightly as expected in November, data showed on Thursday in an event that could impact euro currency market trading.

In one of the day’s main realtime forex news events, the German Federal Statistical Office said that the CPI grew by 0.1% in November, the same mark recorded the previous month.

The news was no surprise to analysts, who had forecast the figure of 0.1% prior to the official release, at least two major online FX trading news outlets reported.

Meanwhile, the year-on-year consumer price index rose to 1.5%, up from 1.3% in October, also as expected.

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