Latest data released by Destatis - 30 July 2019
- Prior +0.5%
- CPI +1.6% y/y
- Prior +1.8%
The annual headline reading shows a bit of a slowdown in inflationary pressures and the core reading reaffirms that as well. Core inflation slipped from +1.7% y/y in June to +1.6% y/y in July but remains rather steady after the drop in May so that's a positive takeaway.
EUR/USD holds steady still at 1.1135, a little lower but trapped in a narrow range so far today.
