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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
The Bundesbank’s estimate of seasonally-adjusted December CPI released this afternoon shows further progress on manufactured goods disinflation, but an uptick in services inflation.
- Overall core inflation (CPI ex-energy/food) ticked up by 0.27% M/M, up from a flat 0.0% M/M in November.
- The core reacceleration was driven by services at 0.18% M/M (the first acceleration since June, and vs 0.0% in November).
- Manufactured goods ex-energy/food inflation came in a little softer at 0.17% M/M vs 0.26% in Nov, and clearly below the 0.32% average of the last 12 months.
- The figures reinforce the narrative that sticky inflation in the services sector remains a key obstacle to ECB rate cuts.
Bundesbank, MNI
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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