FXstreet.com (Barcelona) - German CPI data for July is due to be released on Wednesday at 6:00 GMT. Experts forecast an increase both on an annual as well as on a monthly basis, by 2.5% and 0.4 % respectively.

According to the UniCredit team of analysts: ?Driven by the rebound in the oil price and because of the seasonal strong rise in travel prices at the beginning of the summer vacation period, consumer prices as a whole should have risen markedly mom. As a result, the yoy rate will probably also climb to 2�%, its highest reading since September 2008.?