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Heads up: Germany states’ CPI readings due later today

Germany CPI year-on-year (%)

The expectation is for headline annual inflation in Germany to fall to 4.0% in October as as base effects continue to kick in for the most part. The monthly estimate is expected to show a 0.2% increase though but that will be of more importance once prices start to become more sticky – which might be the case in the months ahead.

But for now, the ECB can still take heart on falling price pressures – at least on paper – in order to stick with their pause narrative at the moment.

Going back to the German state readings, we already got a teaser last week from Brandenburg here. If that is any indication, we should get more softer readings today later as well.

Here’s the agenda for today:

  • 0630 GMT – North Rhine Westphalia
  • 0900 GMT – Hesse
  • 0900 GMT – Bavaria
  • 0900 GMT – Baden Wuerttemberg
  • 1000 GMT – Saxony
  • 1300 GMT – Germany national preliminary figures

Do note that the releases don’t exactly follow the schedule at times and may be released a little earlier or later.

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