Slight delay in the release by the source. The rest of the other German state readings released around the same time:
- North Rhine Westphalia CPI +2.0% vs +1.8% y/y prior
- Saxony CPI +2.2% vs +1.9% y/y prior
- Baden Wuerttemberg CPI +2.5% vs +2.3% y/y prior
The readings are firmer across the board, as price pressures are seen moving up in August. Given the estimates above, the national release later should see headline annual inflation clock in around 2.2% as opposed to the 2.1% estimate.
