Saxony February CPI +1.3% vs +1.0% y/y prior

Author: Justin Low | Category: News

Latest data released by Destatis - 1 March 2021

  • Prior +1.0%
The headline reading shows a slight tick higher relative to January, which reaffirms the expectation of a firmer reading when looking at the national report later today.

The details though show that core inflation isn't quite as jumpy and in fact fell from +1.4% y/y in January to +1.3% y/y in February. Base effects will continue to distort the readings through 1H 2021 for the most part, so I wouldn't look too much into the inflation trend.
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