Germany: Producer Price Index grows more than expected in January

The annual Producer Price Index climbed 1.7% in January, up from 1.5% in December and above expectations of +1.2%, Destatis reported on Wednesday. Month-over-month PPI increased 0.8%, compared with the 0.3% fall and above forecasts of growing 0.3%.

Feb 20, 2013

Germany: Annual CPI at 1.7% in January

According to data released today by Destatis, German annual inflation rose 1.7% in January, down from +2.1% registered the previous month. This result is in line with analysts' forecasts. On a monthly basis German CPI fell 0.5% in January, after growing 0.9% in December, as expected.

Forex: GBP/USD around 1.5440 ahead of minutes

The sterling is bouncing off overnight lows around 1.5430 ahead of the BoE minutes due later. The GBP is posed to remain under pressure following the minutes as market participants expect their...