Latest data released by Destatis - 10 September 2021

  • HICP +3.4% vs +3.4% y/y prelim

The preliminary report can be found here. No change to initial estimates as it reaffirms the strong inflation readings in Germany last month, with the headline being the highest since 1993. However, this owes much to base effects with a VAT reduction having took place during 2H 2020 which started in July last year.