Latest data released by Destatis - 28 June 2018

  • Prior +0.5%
  • CPI +2.1% vs +2.1% y/y expected
  • Prior +2.2%
  • HICP +0.1% vs +0.2% m/m expected
  • Prior +0.6%
  • HICP +2.1% vs +2.1% y/y expected
  • Prior +2.2%

Slight delay in the release by the source. Pretty much in line with estimates as the yearly readings meet expectations. Not much of a surprise given what we have seen from the German states' inflation reports earlier.

The reading here is slightly weaker than that in May, but a minor blip won't throw off the ECB's outlook just yet.