Investing.com - Consumer price inflation in Germany rose less-than-expected in January, official preliminary data showed on Thursday.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 1.7% in January, below expectations for a gain of 2%. Consumer prices rose by 2.1% in December.
Month-over-month, German consumer prices fell 0.5% in January, compared to forecasts for a 0.4% decline, after rising by 0.9% in the preceding month.
Following the release of the data, the euro remained lower against the U.S. dollar, with EUR/USD dipping 0.11% to trade at 1.3351.
Meanwhile, European stock markets were lower. Germany's DAX fell 0.4%, the EURO STOXX 50 declined 0.8%, France’s CAC 40 dropped 0.8%, while London’s FTSE 100 shed 0.6%.