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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY NOV (P) CPI -0.5% M/M, +10.0% Y/Y (= MNI PROJ); OCT +10.4% Y/Y
GERMANY NOV (P) HICP 0.0% M/M, +11.3% Y/Y (FCST +11.3%); OCT +11.6% Y/Y
- Flash German CPI data for November was in line with MNI's projections, decreasing by -0.5% m/m and up +10.0% y/y. HICP remained more elevated at +11.3% y/y.
- Energy and food remain the key drivers, energy easing by 4.6pp to +38.4% y/y and food up 0.7pp at +21.0% y/y.
- Annualised rates for both goods (+17.2% vs +17.8%) and services (+3.7% vs +4.0%) ticked down, which could see core inflation marginally softer than +5.0% y/y recorded in October. The Dec 13 release will provide more colour.
Source: MNI / Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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