One of the most influential regions, to affect the inflation numbers, posted a sizeable drop in year on year inflation. North Rhine Westphalia CPI fell to 0.7% y/y from 1.0% prior. Monthly it was -0.1% vs -0.2% prior.
The last region to print is Baden Wuerttemberg. There’s no expectations and last month was 0.8% y/y
Here’s the y/y results so far
- NRW 0.7% vs 1.0% prior
- Brandenburg 0.7% vs 0.9% prior
- Hesse 0.5% vs 0.8% prior
- Bavaria 0.8% unch
- Baden W 0.5% vs 0.8% prior
I’ve just posted the main German HICP in what looked like a mistake from Reuters. It’s expected in at 0.5% vs 0.7% prior y/y in HICP and 0.6% vs 0.8% prior in CPI.
With the results so far, we could be looking at seeing inflation fall more than expected so be ready for a print of maybe 0.4%. The euro might get a little boost if it prints 0.6% or 0.7%.
Update 10.47: Baden W is out now and added above.
