Germany: Annual HICP rises to 7.6% in March as expected

• Annual HICP inflation in Germany climbed to  7.6% in March as expected.
• EUR/USD continues to trade in negative territory below 1.0900.

Annual inflation in Germany, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 7.6% in March, Destatis reported on Tuesday. This print matched the market expectation and the flash estimate.

The Consumer Price Index (CPI) arrived at 7.3% and 2.5% on a yearly and monthly basis, respectively.

Market reaction

These figures don't seem to be having a significant impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was down 0.15% on the day at 1.0867.