June 2015 German HICP flash 0.1% vs 0.4% exp y/y

June 2015 German HICP flash data report 29 June 2015

• Prior 0.7%
• -0.2% vs +0.2% exp m/m. Prior +0.1%
• CPI 0.3% vs 0.5% exp y/y. Prior 0.7%
• -0.1% vs +0.15 exp m/m. Prior +0.1%

Even worse than the lowest estimates and shows that the Germans, and possibly the Eurozone, has a long long way to go before it can claim a victory on QE helping inflation

EURUSD has another look at the big figure but it holds

German HICP flash yy