- CPI -1.1% m/m
- Prior -0.3%
- Brandenburg CPI +9.1% y/y
- Prior +10.5%
- Brandenburg CPI -0.6% m/m
- Prior -0.5%
- Hesse CPI +8.1% y/y
- Prior +9.7%
- Hesse CPI -0.7% m/m
- Prior -0.4%
Put together, the state releases point to a material decline in annual inflation across Germany last month. It would seem like the 9.1% estimate for the national reading later today is a bit conservative and we might get something along the lines of 8.4% to 8.7% if this is anything to go by.
