Latest data released by Destatis - 27 June 2019

  • Prior +0.2%
  • CPI +1.7% y/y
  • Prior +1.6%

A slight bump higher in price pressures here in Germany's industrial state and this reaffirms the notion that we could see a slight uptick in CPI data to come in the national reading later. Expectation for that is a +1.4% y/y reading so the bias is slightly tilted to the upside ahead of the release at 1200 GMT.