Germany March CPI preliminary reading now out 29 March

  • 0.5% prev
  • yy 1.6% vs 1.7% exp vs 1.4% prev
  • HICP mm 0.4% vs 0.5% exp/prev
  • yy 1.5% vs 1.6% exp vs 1.25 prev

No great surprises with the trend/expectations already in the regional CPI data out earlier.

Stronger than previous yy readings though lending some comfort to BUBA and ECB

Euro pairs though suitably unfazed with EURUSD steady around 1.2320 but EURGBP a tad softer at 0.8755 and EURJPY also a little lower at 131.17