German CPI rose 0.5% mom in December, above expectation of 0.3% mom. Annually, CPI accelerated to 1.5% yoy, up from 1.1% yoy, beat expectation of 1.4% yoy.
Unemployment rose 8k to 2.279m in December, more than expectation of 0k. The rise in unemployment was also the highest Since May. Unemployment rate was unchanged at 5.0%, slightly above record low of 4.9% recorded earlier in 2019. Labor Office head Detlef Scheele said that “the weak economic cycle is leaving visible marks”.
