Bavaria November CPI +2.6% vs +2.4% y/y prior

• Hesse CPI +2.0% vs +1.8% y/y prior
• Brandenburg CPI +1.9% vs +1.8% y/y prior
• Saxony CPI +2.9% vs +2.8% y/y prior
• North Rhine Westphalia CPI +1.9% vs +2.0% y/y prior
• Baden Wuerttemberg CPI +2.2% vs +2.1% y/y prior

At the balance, the figures aren’t as high as estimated. This points to the national reading later coming in around 2.1%, which is lower than the expected 2.3% for November. But again, the core reading is what will matter more.

This article was written by Justin Low at www.forexlive.com.