The other state releases around the same time:
- Hesse CPI +% vs +2.3% y/y prior
- North Rhine Westphalia CPI +1.8% vs +2.0% y/y prior
- Baden Wuerttemberg CPI +2.3% vs +2.2% y/y prior
- Saxony CPI +2.2% vs +2.3% y/y prior
Most of the readings here point to a softer note for inflation pressures in Germany in June. And that is opposing to the expected marginal increase in headline annual inflation for the month. At the balance, we are likely to see the national reading later come in around 1.9% or likely 2.0% instead of the expected 2.2% estimate.
