Data from the flash September 2015 German HICP & CPI report 29 September 2015
– Prior 0.1%
– -0.3% vs -0.1% exp m/m. Prior 0.0%
– CPI 0.0% vs 0.1% exp y/y. Prior 0.2%
Draghi & Co have been warning about Eurozone inflation slipping so these numbers shouldn’t be a surprise. The market doesn’t like the reality of it though and EURUSD drops to a new low for the day at 1.1211