North Rhine Westphalia June CPI +0.9% vs +0.5% y/y prior

Author: Justin Low | Category: News

Reuters reporting the numbers early, citing the German stats office

NRW
  • Prior +0.5%
  • CPI +0.6% m/m
  • Prior -0.1%
The report is scheduled to be released at 0830 GMT and we never usually see them this early, so I'm doubtful if this is a misprint or not. But assuming this is right, the jump in price pressures will be a welcome development for the German economy at this time.

This may tilt the bias towards the inflation readings later a little more to the upside.
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