Germany April preliminary CPI +2.2% vs +2.3% y/y expected

Prior +2.2%CPI +0.5% vs +0.6% m/m expectedPrior +0.4%HICP +2.4% vs +2.3% y/y expectedPrior +2.3%HICP +0.6% vs +0.6% m/m expectedPrior +0.6%

The headline reading holds similar to March but the EU-harmonised reading is just mildly higher for April. There is added good news for the ECB as core annual inflation is seen easing to 3.0%, down from 3.3% in the month before. Services inflation remains sticky though, seen at 3.4% but at least lower than the 3.7% reading in March.

This article was written by Justin Low at www.forexlive.com.