According to the latest German inflation data released on Friday, both the CPI and HCIP matched expectations, remaining unchanged in November with both figures printing at 0.10% on a monthly basis. The energy sectors showed price appreciation with motor fuel rising by 0.70% and heating oil up by 0.30%. The greatest upside pressure was attributed to the food and fruit category which experienced a rise of 1.60%. Germany's annualized measure of consumer price inflation printed at 0.40% in November, mirroring similar growth in October. Continued weakness in oil prices together with weak domestic and external demand will likely keep inflation muted over the near-term, especially in light of no major changes to monetary policy. Despite the deposit rate cut, until the ECB prepares to increase monthly asset purchases or other stimulus to boost the Euro Area economy, domestic demand may stay below trend for the foreseeable future.