Latest data released by Destatis - 30 April 2018
- Prior m/m +0.4%
- CPI y/y +1.6% vs +1.5% prior
Flat reading on the month, but the year-on-year figure is holding up well. Awaiting details by the source on the core reading.
Looking at the core reading, it's only at +1.4% y/y. The big drag is from passenger air transport, package holidays, and hotels. As mentioned here, these are all symptoms of the Easter Bunny.
