At 14:00 (GMT+2), preliminary German data on the consumer price index for April will be released. It is the main indicator of inflation in the country, which reflects the change in retail prices for a certain “basket” of goods and services: food, transport, utilities, healthcare, and so on, and has a significant impact on monetary policy decisions. It is expected that the indicator will decrease from 0.8% to 0.6% MoM and from 7.4% to 7.3% YoY, which may support the euro.
