Latest data released by Destatis - 30 July 2019

  • Prior +0.5%
  • CPI +1.5% y/y
  • Prior +1.8%

Much like the Saxony and Baden-Wuerttemberg reports, the annual headline reading shows weaker inflationary pressures in July and I reckon this should also be seen across the other state readings in Hesse, Bavaria and North Rhine Westphalia.