The German Consumer Price Index for the month of February rose 5.1% year-on-yearas expected, exceeding the 4.9% in January and standing two tenths from the maximum of the last decades seen in December at 5.3%.
The Monthly CPI stood at 0.9% from the previous 0.4%, its highest level since last July, meeting forecasts.
Annual harmonized inflation grew at a 5.5% pace, in line with expectations, after rising 5.1% the previous month. The percentage has decreased from the maximum of 6% reached in November. On a monthly basis, the harmonized CPI has remained at 0.9%, as expected.
EUR/USD reaction
The EUR/USD has reacted with a downward movement of just over 10 pips that has placed it slightly below 1.1000. At time of writing, the pair is trading above 1.0995, gaining 0.16% daily.
Source: Fx Street
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