Latest data released by Destatis - 28 February 2020

  • Prior +1.7%
  • CPI +0.4% m/m
  • Prior -0.7%

A mild drop in headline annual inflation but let's see what the other states say to have a better sense of what the national reading may entail later today. In any case, I would still argue that the rise in Saxony core inflation overrides everything else today.