Germanys consumer price inflation held steady in April
2018-05-16 07:50 am | Resource: NEWS | No Views : 93
Germany's consumer price inflation held steady in April, as previously estimated, final data from Destatis showed Wednesday.
Consumer prices climbed 1.6 percent year-on-year in April, the same rate of increase as seen in March and in line with the estimate released on April 30.
On a month-on-month basis, the consumer price index remained unchanged in April, after rising 0.4 percent in March. The provisional estimate was confirmed.
Energy prices gained 1.3 percent on year in April. Excluding energy, inflation was 1.6 percent.
The harmonized index of consumer prices, the HICP, increased 1.4 percent annually, as estimated, slightly slower than the 1.5 percent rise in March. On a monthly basis, the index fell 0.1 percent as estimated
Time frame Used - four hours The USDJPY is moving in a bullish direction in the near term The purchasing power managed to control the movement of the USD/JPY pair to reach the resistance level of 112.73 where it faces selling pressure around this level, but looking at the chart, we find that the USD/JPY pair forming a technical pattern called inverted head and shoulders Therefore, we expect that the…
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