Money Market Guru — German consumer price inflation eased to 1.6 percent in March from a 54-month high of 2.2 percent in February, preliminary figures from Destatis showed Thursday. Prices were expected to climb 1.8 percent. The March inflation was the weakest since November 2016. The harmonized index of consumer prices, or HICP, advanced 1.5 percent year-on-year in March, slower than the 2.2 percent increase in February and the expected 1.9 percent growth.
Flash data showed that energy inflation eased notably to 5.1 percent from 7.2 percent. Likewise, food inflation slowed to 2.3 percent from 4.4 percent. Month-on-month, the consumer price index gained 0.2 percent in March. Similarly, the HICP edged up 0.1 percent on month. — Neal Bhai Reports