North Rhine Westphalia CPI +1.8% vs +1.8% y/y priorSaxony CPI +1.9% vs +2.2% y/y priorBaden Wuerttemberg CPI +2.3% vs +2.3% y/y prior
It’s a mixed bag this time around but at the balance, should reaffirm that the national reading later come in around 1.9% or 2.0%. In any case, the core figure is still the most important thing and with that being at 2.7% in June (unlikely to shift too much in July), it will keep the ECB on their toes through the summer.
This article was written by Justin Low at investinglive.com.