- Annual inflation in Germany decreased slightly to 2.2% in March.
- The EUR/USD continues to quote in a daily range above 1,0800.
Inflation in Germany, measured by the variation of the consumer price index (CPI), dropped to 2.2% per year in March from 2.3% in February, as showed the preliminary estimate of Destatats on Monday.
In monthly terms, the CPI rose 0.3%, fulfilling market expectations.
The harmonized consumer price index in Germany, the preferred inflation indicator of the European Central Bank (ECB), rose 2.3% per year after increasing 2.6% in February. This reading was below the estimation of analysts of 2.4%.
Market reaction
The EUR/USD showed no immediate reaction to this report and was quoting slightly down in the day in 1,0820.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
