Germany March preliminary CPI +2.2% vs +2.2% y/y expected ...Middle East

Prior +2.3%CPI +0.3% vs +0.4% m/m expectedPrior +0.4%HICP +2.3% vs +2.4% y/y expectedPrior +2.6%HICP +0.4% vs +0.5% m/m expectedPrior +0.6%

It's a slight contrast to the state readings earlier here, which indicated some stickier price pressures. But considering this, the ECB can take in some extra comfort following the softer French and Spanish readings from last week as well. The added good news is that core annual inflation is projected to ease to 2.5% in March, down from 2.7% in February.

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

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