Germany annual CPI inflation jumps to 2.7% in March

Annual CPI inflation in Germany jumped to 2.7% in March.
EUR/USD extends its daily slide below 1.1500 after the data.

Eren Sengezer FXStreet

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), climbed to 2.7% in March (preliminary estimate) from 1.9% in February, Germany's Destatis reported on Monday. On a monthly basis, the CPI rose by 1.1% following the 0.2% increase recorded in February.

The Harmonized Index of Consumer Prices (HICP), the European Central Bank's (ECB) preferred gauge of inflation, was up 2.8% on a yearly basis, compared to 2% in February.

Market reaction

EUR/USD stays under bearish pressure following the German inflation data and was last seen trading at 1.1475, losing about 0.3% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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