Germany April preliminary CPI +2.9% vs +3.0% y/y expected
- Prior +2.7%
- HICP +2.9% vs +3.1% y/y expected
- Prior +2.8%
- Core CPI Y/Y +2.3% vs +2.5% prior
- Full report here
We've got lower than expected figures here but they won't change anything for the ECB as the central bank has already pre-committed to a rate hold at this week's meeting as they gather more data ahead of the June meeting.
The good news is that core inflation is expected to ease to 2.3% in April, which is lower than the 2.5% seen in March. The bad news is that a prolonged US-Iran stalemate and Strait of Hormuz closure eventually could seep into higher core inflation going forward.
The ECB cares more about inflation expectations at the moment as the spike in inflation is expected to be accompanied by lower economic activity.
This article was written by Giuseppe Dellamotta at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
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