German states will be releasing their CPI prints for August today
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.