Bavaria March CPI +2.3% vs +2.4% y/y prior

The other German state releases around the same time:

• Hesse CPI +2.4% vs +2.3% y/y prior
• Brandenburg CPI +2.3% vs +2.3% y/y prior
• Saxony CPI +2.5% vs +2.3% y/y prior
• North Rhine Westphalia CPI +1.9% vs +1.9% y/y prior
• Baden Wuerttemberg CPI +2.2% vs +2.5% y/y prior

The numbers aren’t as soft as expected. At the balance, this means we should see the national reading later come in at around 2.3% to 2.4%. That will beat the supposed estimate of 2.2%. But of course as always, the core reading will matter more.

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