Germany April final CPI +2.1% vs +2.1% y/y prelim

• Prior +2.2%
• HICP +2.2% vs +2.2% y/y prelim
• Prior +2.3%

The downside to the report is that core annual inflation is seen ticking higher again to 2.9%. That is up from 2.6% in March. It’s a bump in the road and acts as thorn in the side to the ECB in pursuing further rate cuts. That especially as global trade developments look to stabilise for a bit.

This article was written by Justin Low at www.forexlive.com.