Germany April preliminary CPI +1.0% vs +0.5% m/m expected

Latest data released by Destatis - 30 April 2019

• Prior +0.4%
• CPI +2.0% vs +1.5% y/y expected
• Prior +1.3%

• HICP +1.0% vs +0.5% m/m expected
• Prior +0.5%
• HICP +2.1% vs +1.7% y/y expected
• Prior +1.4%

Slight delay in the release by the source. As mentioned earlier after the state readings were in, they pretty much set out an upside bias for the report here and that is evident upon the figures we're seeing.

There isn't much details on the release here as this is the preliminary release. However, if the Saxony report is to go by, Easter seasonality plays a part in the heavy skew to the upside here so that is something to take note ahead of the Eurozone reading on Friday.

EUR/USD gets another nudge higher to 1.1224 on the release here as the euro continues to stay perky following better economic data today.