Bavaria July CPI +2.5% vs +2.7% y/y prior

The other state readings released around the same time:

• Brandenburg CPI +2.6% vs +2.6% y/y prior
• Hesse CPI +1.8% vs +1.8% y/y prior
• Saxony CPI +3.1% vs +2.8% y/y prior
• North Rhine Westphalia CPI +2.3% vs +2.2% y/y prior
• Baden Wuerttemberg CPI +2.1% vs +1.9% y/y prior

It’s a bit of a mixed report but at the balance, it should point to the national reading coming in around 2.3% or even 2.4%. That is a touch higher than expectations but eyes will be on the core print.

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