Latest data released by Destatis - 27 June 2019
- Prior +0.3%
- CPI +1.8% y/y
- Prior +1.4%
The headline reading suggest stronger price pressures and the details back that up. Core inflation for Saxony shows an improvement from +1.2% y/y in May to +1.7% y/y in June and that will provide some relief to the ECB that inflation isn't quite falling off just yet despite a poor reading from Spain released at the same time.
EUR/USD is holding near flat levels at 1.1365 currently after having hit a low of 1.1348 earlier to begin the session.