Other state readings released at the same time:
- Hesse CPI +8.4% y/y
- Prior +7.9%
- Baden-Wuerttemberg CPI +7.4% y/y
- Prior +7.0%
Based on the state readings so far, it points to an upside beat in German inflation figures this month. The national reading is estimated at +7.6% y/y but I would say we should see something around +7.8% y/y. There is still the Saxony report to go at 0900 GMT later for added confirmation.
