December 1, 2022

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Saxony May CPI +2.4% vs +2.2% y/y prior

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Latest data released by Destatis – 31 May 2021

  • Prior +2.2%
  • Core CPI +1.7% y/y
  • Prior +1.4%

The headline reading reaffirms the nudge higher in year-on-year inflation, which is to be expected in the national release later today as well.

But the thing to note from the report is that there is also a bump higher in the core reading, which may translate over to the overall Eurozone report tomorrow.

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