Germany November preliminary CPI +2.3% vs +2.4% y/y expected

• Prior +2.3%
• HICP +2.6% vs +2.4% y/y expected
• Prior +2.3%
• Core CPI Y/Y 2.7% vs 2.8% prior

The headline figure is unchanged from the prior month which is what was expected after the unchanged state readings released earlier in the session. The ECB targets the HICP, which jumped to 2.6% from 2.3% in the prior month. The Core CPI Y/Y fell to 2.7% vs 2.8% prior though.

Overall, the data is not going to change anything for the ECB as it remains comfortably on the sidelines and just monitoring economic developments.

This article was written by Giuseppe Dellamotta at investinglive.com.