020 7898 0500Like the UK, Germany’s inflation rate for December dropped 0.1% from the month previous. The consumer price index increased by 1.7% year-on-year in December from 1.8% in November; energy prices eased while food and services rose at a faster pace.
The euro had an extremely relaxed day and moved more-or-less sideways against sterling and the dollar.
Today sees the release of the eurozone inflation rate which is expected to drop 0.1% to 1.4%. We will also see the construction output year-on-year in November.
