German consumer price inflation accelerated in March
2018-04-13 07:26 am | Resource: NEWS | No Views : 50
ermany's consumer price inflation accelerated in March, as initially estimated, final data from Destatis showed Friday.
Inflation rose to 1.6 percent from 1.4 percent in February. The rate came in line with the flash estimate published on March 29.
Similarly, inflation, based on the harmonized index of consumer prices, increased to 1.5 percent, as estimated, from 1.2 percent in February.
On a monthly basis, the consumer price index gained 0.4 percent, slower than the 0.5 percent increase a month ago. This was the second consecutive rise in prices.
The HICP also rose 0.4 percent in March. Both CPI and HICP figures matched preliminary estimate.
EUR/USD failed to break through the 1.2247 zones which we confirmed during yesterday's report and then fell to break the first support of 1.2184 areas on the hourly interval. The EUR/USD pair is trading in a bearish direction in the form supported by the pair breaking the ascending trend line during the trading which began with the beginning of March during the European session. The SMA 20 is currently neutral…
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