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German disinflation waning - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted that the German inflation numbers were slightly better than expected with the harmonized measure for September coming in at 0.8% YoY, unchanged from August.

Key Quotes:

“These figures provide some indication that German disinflation pressures are gradually starting to wane”.

“Clearly, the recent fall in commodity prices is limiting any near-term recovery in inflation, although it is being partly offset by the weakening of the euro”.

“Energy, unsurprisingly, was one of the main factors preventing a rise in German inflation in September”.

“But food prices and prices at hotels and restaurants rose at the fastest pace in four months”.

“On the whole, however, inflation pressures in the eurozone’s strongest economy remain very subdued”.

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