Baden-Wuerttemberg February CPI +1.4% vs +1.1% y/y prior

Author: Justin Low | Category: News

Latest data released by Destatis - 1 March 2021

This just adds to confirmation that the German national reading later should see CPI tick slightly higher than the January reading of +1.0% y/y. The estimate is for a jump to +1.2% y/y to +1.3% y/y - which will be the highest since March last year.

That said, it all needs to be put into context, whereby the VAT changes and introduction of CO2 tax at the start of the year and added base effects (higher input costs from supply chain disruptions) are distorting the actual inflation picture.

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