29 Apr 2014
German CPI expected higher – Commerzbank
FXStreet (Edinburgh) - Morten Helt, Senior Analyst at Danske Bank, sees German CPI coming in above estimates today.
Key Quotes
“In the euro-area a number of interesting data are due for release. Germany releases CPI for April, starting with the first Länder CPI at 09:00 CET (Saxony). The overall number is scheduled for 14:00 CET”.
“We expect to see a rise from 0.9% in March to 1.3% in April (in line with consensus)”.
“The timing of Easter pulled the March number lower and will lift April inflation, as prices for package holidays, hotels and restaurants get a boost during Easter”.
Key Quotes
“In the euro-area a number of interesting data are due for release. Germany releases CPI for April, starting with the first Länder CPI at 09:00 CET (Saxony). The overall number is scheduled for 14:00 CET”.
“We expect to see a rise from 0.9% in March to 1.3% in April (in line with consensus)”.
“The timing of Easter pulled the March number lower and will lift April inflation, as prices for package holidays, hotels and restaurants get a boost during Easter”.