🇩🇪*GERMANY PRELIM MARCH EU HARMONIZED CPI RISES 7.6% Y/Y

German March preliminary consumer prices increased above market consensus at 7.6% Y/Y, a national measure jumped to 7.3% Y/Y.

the forecast error for Germany will carry over to our estimates for the euro-area, which now look highly likely to surprise to the upside. Taking Spain into account as well, the headline rate may rise to 7.3% instead of 6.9% - Bloomberg Economics