Latest data released by Destatis - 30 April 2019
- Prior +0.3%
- Import price index +1.7% vs +2.1% y/y expected
- Prior +1.6%
Slight delay in the release by the source. Weaker-than-expected figures here though it is a lagging indication of inflationary pressures. The annual headline reading improves slightly from February but the stagnant monthly reading just highlights the softer inflation touch seen in Q1 in the German/Eurozone economy.
EUR/USD sits lower at 1.1176 now but still in a narrow range on the day. EUR/JPY is also at session lows of 124.69 now as the yen continues to hold firm.
