Prior +2.5%HICP +2.3% vs +2.4% y/y expectedPrior +2.7%
On the month itself, consumer prices were seen up 0.4%. The good news for the ECB is that headline inflation is continuing to ease, although the German state readings earlier might suggest that it could’ve dropped a bit more. That said, the key thing to watch at this stage is still core annual inflation. And that is estimated at 3.3% in March – down just slightly from 3.4% in February.
This article was written by Justin Low at www.forexlive.com.