Latest data released by Destatis - 30 October 2018
- Prior +0.4%
- CPI +2.5% y/y
- Prior +2.3%
Don't be thrown off by the small growth in inflationary pressures on the monthly reading. The yearly estimate shows an improvement but more importantly the core reading has jumped up as well. The core reading in October comes in at +1.7% y/y and that's better than the +1.5% y/y reading in September and that will underpin the inflation outlook for Germany and the Eurozone - provided other states see similar patterns as well. But things are off to a good start at least.
