At 08:00 (GMT+2), German will release its April Consumer Price Index data — a key gauge of inflation that reflects changes in retail prices across a representative basket of goods and services, including food, transportation, utilities, healthcare, and other consumer categories. A correction is forecast from 1.1% to 0.6% MoM and from 2.7% to 2.9% YoY, while the harmonised index is expected to move from 1.2% to 0.5% MoM and from 2.8% to 2.9% YoY, respectively, which is likely to influence the rhetoric of the monetary authorities regarding interest rate decisions.
