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German Inflation Slows as Expected

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Inflation in Europe’s largest economy decelerated more than forecast in March.

Consumer-price growth in Germany slowed to 1.5 percent from 2.2 percent the previous month, the Federal Statistical Office said on Thursday, marking the first weakening since August 2016. Economists had forecast inflation of 1.9 percent.

The decline partly reflects the timing of the Easter holiday, which was in March in 2016, and may be a precursor to softer euro-area numbers, which are due on Friday. Consumer-price growth in Spain also weakened more than expected in March, according to data published Thursday, with a slowdown to 2.1 percent from 3 percent last month.

Bloomberg

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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