Investing.com - Consumer price inflation in Germany slowed in line with expectations in July, underlining concerns over the risk of deflation in the euro area, official preliminary data showed on Wednesday.
In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 0.8% this month, meeting forecasts and down from 1% in June.
Month-over-month, German consumer prices inched up 0.3% this month, compared to forecasts for an increase of 0.2%, after rising 0.3% in the preceding month.
Following the release of the data, the euro held on to modest losses against the U.S. dollar, with EUR/USD shedding 0.02% to trade at 1.3406.
Meanwhile, European stock markets remained mixed. Germany's DAX eased up 0.15%, the DJ Euro Stoxx 50 advanced 0.3%, France’s CAC 40 dipped 0.1%, while London’s FTSE 100 declined 0.1%.