Saxony November CPI -0.1% vs +0.2% m/m prior

Latest data released by Destatis - 29 November 2018

  • Prior +0.2%
  • CPI +2.1% y/y
  • Prior +2.5%

Softer headline readings and looking at the details, the core reading also declined from +1.7% y/y in October to +1.5% y/y in November. Certainly doesn't boost confidence that inflation is on the up as the ECB is hoping that it will keep steady close to but below the 2% target.

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