December 1, 2022

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Germany states’ CPI readings due later today

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German states will be releasing their CPI prints for May today


German inflation figures should continue to see a bump in the year-on-year reading as base effect adjustments are still passing through somewhat.

But higher price pressures in general as a result of supply constraints are also part of the picture that may keep inflation higher in the next few months as well.

The core reading from Saxony may offer a better overview of the situation and that could provide some indication before the Eurozone reading tomorrow and thus, the ECB’s view on the matter – which they so far are denying a persistent return to inflation.

Here’s the agenda for today:

0430 GMT – North Rhine Westphalia
0800 GMT – Brandenburg

0800 GMT – Hesse

0800 GMT – Bavaria

0900 GMT – Saxony

1000 GMT – Baden Wuerttemberg

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