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German inflation drops to 3 1/2 year low

  • German inflation has slipped to its lowest level since August 2010, falling to 1% on year in March from 1.2% in February.
  • On month, CPI rose 0.3% vs +0.5%.
  • HICP +0.3% on month vs +0.5% previously. On year, HICP +0.9% vs +1%.
  • All the figures were in line with consensus.
  • The decline in inflation was again mainly due to a drop in prices for mineral oil products. Excluding heating and motor fuels, inflation was 1.3% on year.
  • DAX futures are +0.2, while the euro is flat at $1.3891. (PR)
  • ETFs: EWG, BUND, EWGS, GERJ, DBGR, DXGE, BUNL, FGM, GGOV, BUNT, HEWG
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