Germany CPI m/m comes in at 0.2% against 0.2% consensus

Germany’s Consumer Price Index month over month, a key inflation gauge for the Eurozone’s largest economy, registered 0.2% for September. This figure was precisely in line with the market consensus expectation of 0.2%. The actual print also matched the previous month’s reading of 0.2%, indicating no surprise against analyst predictions.

Following the release, market movements across EUR pairs have been relatively contained. EURAUD saw a gain of 8.7 pips 15 minutes after the release, while EURCAD was up 2.6 pips. EURCHF moved down 0.5 pips, and EURGBP edged up 0.4 pips. EURJPY declined by 6.9 pips, EURNZD gained 5.1 pips, and EURUSD was down 1.7 pips. These measured moves are small relative to the typical median 1-hour moves observed after past Germany CPI releases, which range from 5 pips for EURCHF to 13 pips for EURNZD.