The inflation rate as measured by the consumer price index thus increased slightly (February 2016: 0.0%). In January 2016, it had been +0.5%. Compared with February 2016, the consumer price index rose markedly by 0.8% in March 2016. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 30 March 2016.The decrease in energy prices (–8.9% on March 2015) had a considerable downward effect on the overall inflation rate again.
In the US session Import Prices figures were released. The price index for U.S. imports rose 0.2% in March, the first monthly increase for the index since a 0.1% uptick in June 2015. The March advance was the largest 1-month rise since the index increased 1.1% in May 2015. Despite the upturn, overall import prices remained down over the past year, falling 6.2% from March 2015 to March 2016.
From Eurozone, tomorrow, Industrial Production data will be published. Decline by 0.65 is expected. In the US session Retail Sales and PPI figures are scheduled for a release. Analysts predict 0.3% increase in Retail Sales and 0.1% rise in PPI.
Figures to watch:
Industrial Production (Wednesday 11:00)
Retail Sales (Wednesday 14:30)
PPI (Wednesday 14:30)
