Latest data released by Destatis - 30 April 2018
- CPI y/y +1.6% vs +1.6% prior
- Hesse CPI m/m 0.0% vs +0.4% prior
- Hesse CPI y/y +1.5% vs +1.5% prior
- Bavaria CPI m/m -0.1% vs +0.5% prior
- Bavaria CPI y/y +1.7% vs +1.7% prior
- Baden Wuerttemberg CPI m/m 0.0% vs +0.4% prior
- Baden Wuerttemberg CPI y/y +1.7% vs +1.7% prior
The year-on-year readings for all states are flat compared to March but if you strip out the details it's a similar pattern to that of the Saxony reading earlier.
Package holidays in particular posed the biggest decline for Bavaria's reading, and all these feeds into the core figure - which is expected to weaken. As highlighted before, don't look too much into April's figures as they will be distorted by Easter.
