Latest data released by Destatis - 30 April 2019
- Prior +0.5%
- CPI +1.9% y/y
- Prior +1.4%
That is a solid improvement in inflation pressures with the core reading also rising from 1.1% in March to 1.7% in April. That will give confidence that inflation is seen improving but then again, it must be noted that Easter falls late in April this year so a lot of the pricing pattern and upside inflationary pressures from that is what helps to make up for the reading here.
Nonetheless, we'll have a better idea on things in the coming months but for now, this is good news for the euro and the ECB. EUR/USD has jumped back up to 1.1192 currently after having slipped earlier to 1.1176.
