March EZ HICP flash 0.5% vs 0.6% exp y/y

Prior 0.7%
Core 0.8% vs 0.8% exp y/y. Prior 1.0%

Energy rises to -2.1% from -2.3% while food falls to 1.0% from 1.5% in Feb. Falls were seen in non energy industrial goods from 0.4% to 0.3% and services which dropped to 1.1% from 1.3%

The euro got smacked down initially to 1.3725 but has regained some composure back to 1.3740.

The core number is what’s going to keep the ECB on hold.