EUR/USD: Germany September CPI seen at 3.1%, inflation back above 3%
German inflation is one of the main data points for EUR/USD traders in European trading today, with the September readings expected to show a further pick-up in price pressures. The source reports no price move, pip figures or technical levels. Markets expect headline CPI to rise to 3.1% y/y from 2.9% prior. The harmonised HICP measure is forecast at 3.2% y/y, also up from 2.9%. The August report had already shown inflation accelerating to 2.9%, with energy prices rising 10.5% on the year and doing much of the heavy lifting. The source does not discuss any central bank response. For traders, the release is a potential source of euro volatility during the European session. The key comparison is the actual figures against the 3.1% CPI and 3.2% HICP expectations. The role of energy prices in any further acceleration is also worth watching.
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