Germany March preliminary CPI +1.7% vs +1.7% y/y expected

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Latest data released by Destatis – 30 March 2021

  • Prior +1.3%
  • CPI +0.5% vs +0.5% m/m expected
  • Prior +0.7%
  • HICP +2.0% vs +2.0% y/y expected
  • Prior +1.6%
  • HICP +0.5% vs +0.5% m/m expected
  • Prior +0.6%

The report is bang on expectations and reaffirms the bump higher as seen with the state readings earlier in the day. Of note, the EU-harmonised reading (HICP) climbs touches +2.0% y/y for the first time since April 2019.

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