Germany June preliminary CPI +2.0% vs +2.2% y/y expected

• Prior +2.1%
• HICP +2.0% vs +2.2% y/y expected
• Prior +2.1%

This was very much expected after the state readings were softer than estimated earlier here. Core annual inflation is seen moderating a little, down to 2.7% from 2.8% in May. However, it hasn’t changed all too much since the start of the year. So, sticky sticky.

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