European shares rise with all eyes on German inflation data

Investors were focussed on Germany’s CPI data, due at 1300 GMT, that could offer more cues on if cost pressures in the euro zone have weakened after the European Central Bank’s aggressive monetary policy tightening path.German consumer prices, harmonised to compare with other European Union countries, are expected to have risen by 10.7% on the year in December in the preliminary reading, compared to an 11.3% increase in November.