Germany February preliminary CPI +2.3% vs +2.3% y/y expected

• Prior +2.3%
• CPI +0.4% vs +0.4% m/m expected
• Prior -0.2%
• HICP +2.8% vs +2.7% y/y expected
• Prior +2.8%
• HICP +0.6% vs +0.5% m/m expected
• Prior -0.2%

The report is very much in line with expectations following the state readings earlier here. It is still keeping above 2% but there is some good news at least. Core annual inflation is estimated to be at 2.6% in February, down from the 2.9% reading in January and after the pick up to 3.3% at the end of last year.

This article was written by Justin Low at www.forexlive.com.