Saxony July CPI +0.2% vs +1.0% y/y prior
Latest data released by Destatis - 30 July 2020
This is a relatively poor report but fits expectations that inflation pressures are expected to decline sharply this month. Of note, the core reading is also seen falling to just +0.9% y/y from +1.9% y/y back in June:
- Prior +1.0%
The report here just reaffirms expectations of a sharp fall in headline inflation ahead of the national reading later in the day.