German states will be releasing their CPI prints for August today

Germany CPI

In July, headline inflationary pressures improved slightly although the core reading in the Eurozone slipped, reflecting a more subdued inflation outlook overall.

This time around, headline inflation is expected to slow further (expectation is for +1.5% y/y) and that may bring up chatter of ECB officials having to step up their game to introduce a heavy stimulus package during the September meeting.

But I'd want to highlight the Saxony report once again as it will offer a glimpse of core inflation trend so that may tell a better story on the overall inflation outlook as a whole - before we get the euro area estimate tomorrow that is.

Here's the agenda for today:

0700 GMT - Saxony

0800 GMT - Brandenburg

0800 GMT - Hesse

0800 GMT - Bavaria

0830 GMT - North Rhine Westphalia

1000 GMT - Baden Wuerttemberg

1200 GMT - Germany national preliminary figures

Do note that the releases don't exactly follow the schedule at times and may be released a little earlier or later.