Why is the number split?
As mentioned in today's European calendar blog, we see German CPI released at 7:00 GMT:
- "German Prelim CPI m/m: 0.4% expected and 0.1% previous"
You may however notice that on some of your economic calendars, that it isn't listed in the conventional format. Here is an explanation as to why:
- German CPI is comprised of data from 6 German states which report their CPI throughout the day.
- With some states being more economically significant than others, the split keeps the release clear.
- There are 2 versions of CPI released about 15 days apart - Preliminary and Final. The Preliminary release is the Eurozone's earliest major consumer inflation indicator (this one).
Just a heads up for when the number is reported and may look a little different, broken up.
