The German Consumer Price Index was reported slightly better than expected, but the figure still presented the first annual decline in 22 years. The monthly figure was unchanged, while annual CPI fell 0.5% versus an estimate of -0.6%. Wholesale prices also dropped, with the annual number falling 10.6%, the largest decline since it was first recorded in 1968. Much of the decline is still being attributed to the fall in crude-oil prices, which had an effect across the broader economy.