Bavaria April CPI +2.1% vs +2.3% y/y prior

The other German state releases around the same time:

• Hesse CPI +2.3% vs +2.4% y/y prior
• Brandenburg CPI +2.2% vs +2.3% y/y prior
• Saxony CPI +2.4% vs +2.5% y/y prior
• North Rhine Westphalia CPI +1.8% vs +1.9% y/y prior
• Baden Wuerttemberg CPI +2.4% vs +2.2% y/y prior

Overall softer figures compared to the prior month. But again, inflation data is unlikely to sway the ECB from continuing to cut rates unless we get a resolution on the tariffs front.