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

  • Latest data released by Destatis - 30 April 2025

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.

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