29 Apr 2015
German HICP inflation might rise to the upside – Danske
FXStreet (Barcelona) - Chief Analyst at Danske Bank, Lars Christensen, previews the German and eurozone data releases ahead, expecting HICP inflation to rebound to 0.3%yoy in April from previous 0.1%yoy.
Key Quotes
“Germany will release consumer prices for April with the first Länder reporting early today. The German inflation data will give the first indication on the preliminary inflation data for the euro area to be released tomorrow. We expect German HICP inflation to have accelerated to 0.3% y/y in April from 0.1% y/y in March, mainly because of a less negative contribution from the lower oil price but core inflation could have edged slightly higher.”
“In the euro area money supply and credit growth for March will also be released. We expect both to have accelerated further in March.”
Key Quotes
“Germany will release consumer prices for April with the first Länder reporting early today. The German inflation data will give the first indication on the preliminary inflation data for the euro area to be released tomorrow. We expect German HICP inflation to have accelerated to 0.3% y/y in April from 0.1% y/y in March, mainly because of a less negative contribution from the lower oil price but core inflation could have edged slightly higher.”
“In the euro area money supply and credit growth for March will also be released. We expect both to have accelerated further in March.”